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 will I benefit on tax as an Uber partner?

Posted 20 January 2016 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Pinkalz says:
19 January 2016 at 15:26

Hi Tim I am a partner of Uber, ride sharing mobile app, owning my own car and working my own hours. Uber regard me as an independent contract driver. What would the tax implications be for me as an individual?

What will be the tax benefits as a company?

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

TaxTimTaxTim says:
19 January 2016 at 21:37

Do they deduct any tax from you?


Pinkalz says:
20 January 2016 at 9:58

No


TaxTimTaxTim says:
20 January 2016 at 11:54

You would need to register as a provisional taxpayer and pay tax 2-3 times a year.
What is Provisional Tax? How and when?

You can deduct all business related expenses incurred in earning your income. e.g. travel, telephone, etc
You can only deduct the proportion relating to business usage - so for expenditure relating to personal and business usage, you need to work out business usage as a percentage of the total and claim accordingly.

There is substantial red tape associated with setting up and running a company. Also, individuals are taxed on a sliding scale versus a set rate in a company, so up to a certain level of income it is more tax efficient to operate as a sole proprietor.

Please Register for TaxTim and let us assist you to complete and submit your tax return.


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 →