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Paypal and tax submissions



Roxanne says:
28 March 2017 at 9:28

I'm permanently employed and I plan on making extra money through surveys and Paypal. How would I submit this to SARS? I've not done anything like this before and I wouldn't like to make an error with my tax return. And, would I have to declare the money if I don't actually take it from my Paypal account?

TaxTim TaxTim says:
28 March 2017 at 9:42

You'll declare the Paypal income as business income under the local business section and claim any expenses you've incurred while generating the income on your tax return too. Yes, you're still required to declare any income you've earned even if it was not paid into your bank account directly.

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