Freelance Income from International Clients on ITR12?
By Marc Sevitz · Updated
What work to do you do? How else do you earn income?
This is my only income
I'm a software engineer
You would need to include the income in the "foreign income" section of the return and translate the income using SARS average exchange rate or the actual amounts received as cash in RANDS into your account. You can deduct your business expenses against this.
You would also have to register as a Provisional Taxpayer and submit 2 provisional returns a year.
You would also have to register as a Provisional Taxpayer and submit 2 provisional returns a year.