I earn R700,000 in my personal capacity at client A and 300,000 through my CC at client B. I render the services for my CC personally and more than 80 percent of the fees received by the CC are received by one client. Would my CC be regarded as a personal service provider even though I earn 700,000 separately in my personal capacity?
Yes, the PSP is not related to income levels including personal capacity. So your CC, as a separate entity needs to be considered as a independently and therefore based on the information provided you will be considered a PSP.
Lexsays: 20 January 2014 at 10:41
Thanks for your help Tim :-)
TaxTimsays: 20 January 2014 at 10:57
Only a pleasure!
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.