Do I need register for provisional tax?
By Marc Sevitz · Updated
I will be doing this job as a hobby so I expect to make maybe few hundred rands a month, and sometimes less, so it won't really be an income.
So I need to know if I have to register for provisional tax?
You will need to register for provisional tax if you expect your income less business expenses to exceed R20 000 per year.
Thanks for the reply.
Is by "income less business expenses" you mean the income and expenses of the freelancing job, or the total income and expenses from both my fixed and freelancing jobs?
Is by "income less business expenses" you mean the income and expenses of the freelancing job, or the total income and expenses from both my fixed and freelancing jobs?
This would just be the freelancing job income and expenses.