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Waleki says: 7 August 2015 at 14:09 I registered a company and It was registered for income tax. I am the sole Director and shareholder. When it makes money and I pay some of this to myself am I liable for provisional tax? I know there is a threshold but does that threshold amount include my Normal Salary that I get from my employer? |
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TaxTim says: 7 August 2015 at 19:10 Do you pay yourself a monthly amount? |
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Waleki says: 12 August 2015 at 13:29 Thanks for getting back to me. I have a full time Job that Pays me well over the provisional tax threshold but has been my sole income. My new company has not started trading but when it does I intend for it to pay me monthly (maybe only in the future when it is profitable enough to do so, but just wanting to be informed when the time comes) |
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TaxTim says: 12 August 2015 at 15:35 If you are earning a monthly salary or any salary whereby the company deducts tax monthly, even if the company is owned by you, then you do not need to submit a provisional tax return. |
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