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How will I be taxed if I only received capital injection no orders yet?

Posted 24 May 2015

Celeste says:
19 May 2015 at 13:40

I am a sole proprietor, started my business with no income received yet except capital injection to start and from that received salary. How will I be taxed?

TaxTim TaxTim says:
20 May 2015 at 11:23

If the money you take is capital you put into the business then you would not have to pay any tax as it is your own money used to run the business. Once you start earning money then any amounts taken from there would need to be taxed in the business or in your own name as a salary.

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