Paying Tax for Website Earnings?
By Marc Sevitz · Updated
I have a website and I receive an income every month through advertising which is paid to my bank account from overseas every month.
The amount differs each month (how much visits I get, ad company etc.)
How will I pay tax if I earn one month R3000 and one month R10000 (examples).
I don't want to pay a lump sum at the end of the 'tax year' if that is what it is called but would rather pay monthly like when you working in a company, is this possible?
I have a tax number as I worked for a company for 8 Months last year (2012)
Really appreciate your feedback
If your company does not provide you with a tax certificate or take off any tax before paying you your income you will have to disclose this to SARS. You will have to register as a provisional taxpayer and submit an IRP6 return every 6 months as well as a year end tax return -ITR12. The tax threshold for the 2014 year is R67 111 per annum.
Guide to Provisional Tax
Guide to Provisional Tax