I started freelancing 3 motnhs ago, do I need to do my taxes this month?

By Marc Sevitz · Updated

Minette

Minette said:
1 February 2016 at 17:51

I started freelancing 01 November 2015
I was still working until 31 October at a company that was paying my tax for me. Do I need to do my provisional taxes this month (February) or should I wait until August?
TaxTim Marc

TaxTim Marc said:
1 February 2016 at 21:06

You should register for Provisional Tax now and submit a tax return in February to avoid possible penalties if you don't. If you are making less than R30 000 as a profit from Freelancing then you do not need to register as a provisional taxpayer.
Minette

Minette said:
1 February 2016 at 21:11

Thank you :)
Is that R30 000 per month?
TaxTim Marc

TaxTim Marc said:
1 February 2016 at 21:17

Per annum!