Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Currencies Trading Income - What Tax due



Ernest says:
25 January 2016 at 5:51

If I trade forex currencies with a broker, for a income every month, what type of tax do I pay?

TaxTim TaxTim says:
25 January 2016 at 9:01

You would still pay normal income tax based on the same tables as a salaried employee.

Ernest says:
25 January 2016 at 9:35

Very helpful thanks for your input,
thought it falls under provincial tax.

TaxTim TaxTim says:
25 January 2016 at 9:40

You would still need to register as a Provisional Taxpayer which you would need to do - please read our article on What is Provisional Tax? How and when?

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




Submit your tax return right here!

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

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.