|
Don says: 4 February 2016 at 9:09 I am permanently employed but have recently started a different business on the side as a sole proprietor ( but the "Company" has its own bank account). Please advise whether I need to register as a provisional taxpayer for this business, and if so, do I need an accountant to do the process and claim back any deductions? |
|
TaxTim says: 4 February 2016 at 15:47 If you earn income from running your own business then yes, you should register for provisional tax and pay tax 2-3 times per year on your net income. You can register for provisional tax on SARS eFiling. What is Provisional Tax? How and when? Am I a Provisional taxpayer? You can Register for TaxTim and let us assist you to complete your provisional tax returns in August and February. You will still need to complete and submit a Tax Return (ITR12) on an annual basis as well and TaxTim can assist with this too. |
Do Your Tax Return Easily