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Provisional Taxpayer or not?
Posted 29 December 2014
Im currently working for a employer whom pays my salary monthly along with benefits such as Vehicle, Cell Phone, Medical and UIF/Pension. I'm also a partner in a small business that doesn't return large amounts, largest would be R60 000.00 per annual however would be paid out as a salary and also taxed. Would I therefore fall under a provisional tax payer or normal? Noting again that the income gained from the business is paid as a salary over the year and has its own taxes on it.
TaxTimsays: 5 January 2015 at 8:29
If it is paid out as a salary then no you would not need to register as a provisional taxpayer.