Tax threshold for business

By Marc Sevitz · Updated

Myself and two others are going to try sell octane boosters in our spare time for extra money as we are students. What are the rules we have to follow if any?
TaxTim Marc

TaxTim Marc said:
19 August 2013 at 23:32

How much will you earn each year?
Tyron

Tyron said:
20 August 2013 at 7:25

About 6000 a month.
Tyron

Tyron said:
20 August 2013 at 7:25

But could vary
TaxTim Marc

TaxTim Marc said:
20 August 2013 at 9:42

You would each need to make a profit of over R67 111 per year in order to have to pay tax, if you do not meet this threshold then you won't need to worry about the income tax implications.
Tax Threshold