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

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

Posted 24 May 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
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?

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

TaxTimTaxTim 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.


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 →