Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.

Employed by a foreign company, and need to pay over my own tax, how much will it be?

Posted 30 May 2016 under Tax Q&A


235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Marilyn says:
30 May 2016 at 10:40

I've recently become a contractor to an overseas company, I've been informed, that I have to pay my own income tax. I send them invoices. My monthly invoice fluctuates between 22000 and 30000 as I get paid on a daily basis. I don't get an IRP5, and I pay my own medical and recently setup my own RA contribution. I need to pay my tax. When and how much do I need to pay. I've been a contractor for them from January 2015 to now May 2016

This entry was posted in Tax Q&A and tagged , , , , , , , , . Bookmark the permalink.

TaxTim TaxTim says:
30 May 2016 at 15:14

You would need to register as a Provisional Taxpayer and submit three tax returns a year including two Provisional and one final tax return. You would need to pay tax on all the income earned less the specific business expenses you have paid in earning that income. You may also deduct you RA and then medical credits. Please make use of our Tax refund calculator to see what you should be paying in or refunded. Did you submit a tax return for the 2015 period? That means 1 March 2014 - 28 Feb 2015?


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started