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R14 000 income per month for a year how much return can expect to pay?

Posted 23 June 2015 under Tax Questions

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Flora says:
19 May 2015 at 17:15

I started my business in 2013 June I started buy material for my business I never paid tax before every month I get ± R14000 how much can I maybe be owing?

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TaxTimTaxTim says:
20 May 2015 at 10:30

Did you register a business or is this in your personal name?


Flora says:
20 May 2015 at 12:01

Its registered.


TaxTimTaxTim says:
21 May 2015 at 12:17

Tax on a company is paid at 28% of the profit per financial year. So depending on your profit amount you would need to work out 28% of that.


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