Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

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

From when do I start recording the expenses when establishing a sole proprietorship?

Posted 30 December 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Francis says:
27 December 2015 at 22:41

I m considering establishing a sole proprietorship, from information gathered so far, it does not need to be registered from DTI. My question is: for tax puposes, what is the date from which I can make expenses tax deductible, as there will be no registration date?
Also, is an office space required to meet minimum SARS requirements for office space deductions?
Looking forwars to your feedback. Regards

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

TaxTimTaxTim says:
30 December 2015 at 22:19

Sole Proprietorships are effectively trading in one's own name and the taxes will be based on the individual tax brackets. So this will be determined on the individual tax year being 1 March - 28 Feb of each year.

Please make use of our decider for home office expenses


Get SARS Tax Deadlines in your Inbox
 

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 →