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Freelance online income -qualify for turnover tax?

Posted 26 August 2014 under Tax Q&A


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If I earn my income doing admin and bookkeeping through Odesk(an online service) from home, do I qualify for turnover tax? I would really appreciate an answer. Thank you for your service. It has helped me in the past.

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TaxTim TaxTim says:
27 August 2014 at 10:17

Turnover Tax is only available if you are earning less than R1m per year.

Karin says:
27 August 2014 at 10:28

Yes, the earning is well below that, but would I qualify if it's admin and bookkeeping related? Is that not a service industry? It is for an individual not a company or trust.

TaxTim TaxTim says:
27 August 2014 at 22:00

If you fit into:

"means a service in the field of accounting, actuarial science, architecture, auctioneering, auditing, broadcasting, consulting, draftsmanship, education, engineering, financial service broking, health, information technology, journalism, law, management, real estate broking, research, sport, surveying, translation, valuation or veterinary science;"

Then you will not qualify, so doing admin and book keeping would fall under the accounting exclusion.


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Blog Categories


Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started