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I registered a business with CIPC on 11/2014. Do I need to add info to my Personal tax return?

Posted 29 July 2015

Edwin John says:
1 July 2015 at 12:01

I registered a business with CIPC on 11/2014. Do I need to add info to my Personal tax return regarding this business?

TaxTim TaxTim says:
1 July 2015 at 12:26

No, the company tax return and your personal return are entirely different.

Edwin John says:
2 July 2015 at 8:11

Thanks for the reply. Does that mean I dont need to select "Business & Rental Income" in the setup but must select "Assets & Liabilities"?

Thanks again.

TaxTim TaxTim says:
2 July 2015 at 11:49

That is correct, you only need to submit your personal tax transactions and if you received a salary from the company.

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