Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Should my IT77 Income Details section exclude business expenses as a I'm self employed?



Ray says:
2 October 2015 at 18:43

I am only just registering for a tax number and completing the IT77, but under the section Income Details, it states to declare taxable income. I'm self employed, so I'll be making manual contributions, which to my knowledge is minus expenses. So, my question is, in this section of the form, should I declare my gross income, or only my income after business expenses?

TaxTim TaxTim says:
5 October 2015 at 10:10

Taxable income is after business expenses so you would declare the net amount.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.