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

When do I need to start paying taxes?

Posted 11 April 2016 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 →
Arnold says:
9 April 2016 at 22:54

I am 17 years old. I do binary trading online and also some part time programming on my own. These hobbies have not earned me a lot of money but the amount is increasing gradually. Last month I earned approximately R7,000 by doing this. I am also still in school and I'm finishing end of this year. My question is: when do I need to start paying taxes? I am not formally employed at all but I think my earnings will be more than R80,000 by the end of this year.

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

TaxTimTaxTim says:
11 April 2016 at 7:11

If you breach the amount of R75 000 for the period 1 March 2016 - 28 Feb 2017 then you will need to pay taxes.


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