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.
CLOSE
Don't Overpay Tax in 2017

  Make Tax Returns Quick & Easy.
  First time users SAVE 15%!

Click here

How much income tax will I pay on additional income from freelance consulting?

Posted 12 July 2015 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


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 →
Frantic2016 says:
12 July 2015 at 8:44

I am receiving R50,000.00 in this tax year for freelance consulting fees using my personal experience to assist individuals to optimize their asking price for their house. I am not a registered business and I am currently employed and receive an IRP5 every year. This will be the first tax year that I have to declare additional income. It is all done legally through attorneys who does the transfer of the properties. Should the attorneys be issuing me with an IT3 certificate which I will then use with my next tax return?

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

TaxTim TaxTim says:
12 July 2015 at 21:39

They should be issuing you IT3a and this would then be on your SARS eFiling profile when you go to submit your tax return. If it isn't then you would need to include this under the Other Income of your tax return. The additional tax would be the R50 000 at your marginal rate of tax.


Get SARS Tax Deadlines in your Inbox
 

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

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


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