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Statement of Assets and Liablities for small freelance income.

Posted 14 July 2014 under Tax Q&A


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I earned R13 200 doing some freelance web development in my free time. Do I need to fill out a statement of Assets and Liablities if the freelancing amount is so small? When I fill in my tax return, this section is highlighted in red.

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TaxTim TaxTim says:
14 July 2014 at 17:09

No you do not, you should be able to submit the return without this section needing to be completed.


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 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

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