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Tax threshold for business

Posted 19 August 2013 under Tax Q&A


235 DAYS
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Myself and two others are going to try sell octane boosters in our spare time for extra money as we are students. What are the rules we have to follow if any?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
19 August 2013 at 23:32

How much will you earn each year?

Tyron says:
20 August 2013 at 7:25

About 6000 a month.

Tyron says:
20 August 2013 at 7:25

But could vary

TaxTim TaxTim says:
20 August 2013 at 9:42

You would each need to make a profit of over R67 111 per year in order to have to pay tax, if you do not meet this threshold then you won't need to worry about the income tax implications.


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235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 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!

Get started