How do I register tax for a sole trader business as well as a salary?
By Marc Sevitz · Updated
I earn a salary of R10 000. 00, My employer submits the paye. I have started a business sole trader in August 2015. Can I register for the business on my current tax number and what do I need to fill in.
A business operating as a sole trader is not a separate legal entity. The income and expenses of the business must be declared in your own personal tax return (under your own existing tax number) within the section "Local, Trade and Professional Income".
Depending on your earnings, you may need to register for provisional tax as well.
What is Provisional Tax? How and when?
Am I a Provisional taxpayer?
Please also Register for TaxTim and let us assist you with your tax filings.
Depending on your earnings, you may need to register for provisional tax as well.
What is Provisional Tax? How and when?
Am I a Provisional taxpayer?
Please also Register for TaxTim and let us assist you with your tax filings.
Thank you very much, this was very helpful and answered all my questions, and very fast too, just what I needed.
Glad we could help!