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I started freelancing 3 motnhs ago, do I need to do my taxes this month?



Minette says:
1 February 2016 at 17:51

I started freelancing 01 November 2015
I was still working until 31 October at a company that was paying my tax for me. Do I need to do my provisional taxes this month (February) or should I wait until August?

TaxTim TaxTim says:
1 February 2016 at 21:06

You should register for Provisional Tax now and submit a tax return in February to avoid possible penalties if you don't. If you are making less than R30 000 as a profit from Freelancing then you do not need to register as a provisional taxpayer.

Minette says:
1 February 2016 at 21:11

Thank you :)
Is that R30 000 per month?

TaxTim TaxTim says:
1 February 2016 at 21:17

Per annum!

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