Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Earn commission apart from full time job, what are the tax implications?

Posted 12 October 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Jomari says:
12 October 2015 at 9:03

I am earning commission on sales from selling an appliance. This income I earn on a part time basis apart from my full time job. What will the tax implications be on such an income, the commission varies from month to month? How do I go about paying this?

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
12 October 2015 at 16:06

It sounds like you should be registered as a provisional taxpayer and pay tax on these earnings 2-3 times per year.
Am I a Provisional taxpayer?
Please also read our blog on What is Provisional Tax? How and when?

You would declare this income in your tax return within the section "Local Business Trade and Professional Income".
Remember you can deduct all expenses incurred in generating this income.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →