Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Tax on income from 2 sources?

Posted 23 June 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Johan says:
17 June 2015 at 10:35

We have an agent selling our products on a commission only basis. We have not formally appointed this person and he receives no fixed salary from us, but he does however receive commission a fixed salary from another company. His income from us makes out about 5% of his total income. Do we have to tax him(We have no directive) or can we pay him out in full, so that he can just submit this info on his IRP5 because the amount he receives is less than 5% of his total income?

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

TaxTimTaxTim says:
17 June 2015 at 11:18

You should be withholding 25% from him and paying that over to SARS and therefore generating an IRP5. You would use the commission source code.


Get Tax Deadline Reminders, News and Tips
 

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 →