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Do I need to register at SARS before I start trading?

Posted 3 January 2017

Lane22 says:
1 January 2017 at 14:22

Hi, I have just opened a trading account on the Plus500 platform and I would like to make my first deposit which is R1000. I'm not registered as a tax payer yet, so my question is; do I have to go register at SARS first before I start trading in order for me to make the deposit into my Plus500 account?

TaxTim TaxTim says:
3 January 2017 at 10:24

No you do not need to register first, but you must go and register anyway making use of our guide on How to get a SARS tax number

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