I started freelancing 3 motnhs ago, do I need to do my taxes this month?
By Marc Sevitz · Updated
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?
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?
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.
Thank you :)
Is that R30 000 per month?
Is that R30 000 per month?
Per annum!