I am thinking of doing some management consulting, after my normal working hours. I am hoping to earn approx R 10 000 per month. When do I need to declare this to SARS / or at what value? Do I have to register my company, as i'm not sure if this will be a permanent thing.
Are you earning this money in a personal capacity or do you intend on setting up a company to earn the income?
Sharon Alsays: 28 June 2015 at 14:45
At the moment it is in a personal capacity. I am thinking about starting a company but don't know where to begin. Eventually it will be company, for for now it will be personal.
TaxTimsays: 28 June 2015 at 15:44
It would make sense on that amount to only do it in your personal capacity for now - you would need to become a Provisional Taxpayer and submit a further two returns a year. Click the link to find out more.
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