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

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

How should an online freelancer pay tax?

Posted 8 March 2016 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Lauren says:
8 March 2016 at 9:04

Hi there, I need some advice. I currently work full-time, but will be going freelance from April. I have already started some freelance work on the side, and wanted to know how I should go about paying tax for this? Most of the Freelance work I am doing is on an online website (for countries all around the world) and I transfer the funds into my bank account each month. No tax is taken off of this by the website, so I wanted to find out how I should go about paying tax, would it be a monthly or yearly thing etc? Should I just put money aside for it? I am clueless abut this sort of thing. One of the freelance contracts I have from April will be taking PAYE off for me, but for the other online work I have to sort out myself and the thought gives me heart palpitations! Any advice on how I should approach this?

Thank you so much in advance!

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

TaxTimTaxTim says:
8 March 2016 at 10:15

You will need to register as a Provisional taxpayer and pay tax twice a year on your freelance income.
Please read our blog on provisional What is Provisional Tax? How and when?
Am I a Provisional taxpayer?

You will need to declare all your freelance income and related expenses on your Tax Return (ITR12) within the section "Local, Business Trade and Professional Income"

Let TaxTim assist you with your Provisional tax return filings as well as your Tax Return submission.


Get SARS Tax Dates and 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 →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE