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 threshold for business

Posted 19 August 2013 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Myself and two others are going to try sell octane boosters in our spare time for extra money as we are students. What are the rules we have to follow if any?

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

TaxTimTaxTim says:
19 August 2013 at 23:32

How much will you earn each year?


Tyron says:
20 August 2013 at 7:25

About 6000 a month.


Tyron says:
20 August 2013 at 7:25

But could vary


TaxTimTaxTim says:
20 August 2013 at 9:42

You would each need to make a profit of over R67 111 per year in order to have to pay tax, if you do not meet this threshold then you won't need to worry about the income tax implications.


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 →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE