Should I register as a provisional taxpayer for freelance work even if I have a contract position?
By Marc Sevitz · Updated
I have a contract with an employer for a minimum of 40 hours per month from April 2016-September 2016. They should be paying tax for me on this. I will likely be doing some other freelance work during this time (and for the remainder of the tax year). Will I have to register as a provisional taxpayer for the freelance work? And as a provisional taxpayer, when do I need to register for the 2017 tax year, and will I only have to pay tax twice per tax year, or still a PAYE amount per month?
Yes, you need to register as a provisional taxpayer and pay tax twice a year on your freelance income.
Please read our blog on What is Provisional Tax? How and when?
Am I a Provisional taxpayer?
You would need to register as a provisional taxpayer when you start earning freelance income from which no tax is withheld. You will have a PAYE amount each month as well only if you earn a "salary" whereby tax is deducted by your employer.
Please Register for TaxTim and let us assist you with your provisional tax returns and tax return filings.
Please read our blog on What is Provisional Tax? How and when?
Am I a Provisional taxpayer?
You would need to register as a provisional taxpayer when you start earning freelance income from which no tax is withheld. You will have a PAYE amount each month as well only if you earn a "salary" whereby tax is deducted by your employer.
Please Register for TaxTim and let us assist you with your provisional tax returns and tax return filings.
Thanks so much! This helped a lot!
Only a pleasure!