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Self-employed and Commission Earnings Tax?

Posted 11 February 2015

I will be starting a new job where I will be working on a contract basis and invoice the company each month for my hours worked to receive payment. How much will I be taxed? 25%?

Also I might start earning commission a few months down the line, how much tax am I charged on commission?

Thank you in advance for the help!

TaxTim TaxTim says:
13 February 2015 at 9:13

The company most likely will deduct 25% yes, but if the income earned becomes so high that 25% is too low then you can apply to SARS for a directive which calls for the company to deduct further tax so that you do not need to pay in at the end of the year.

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