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Provisional tax threshold

Posted 2 July 2015

Jacky said:
2 July 2015 at 10:26

Good Morning,

My husband has recently started a business (in June 2015). It is his only source of income. When will he become liable to pay his personal provisional tax, and does he still need to pay if he is earning less than R5000.00 a month? Does he need to register as a provisional taxpayer already?

Thanks

TaxTim Evan TaxTim Evan said:
2 July 2015 at 10:50

Yes he should always submit his tax returns, but if his profit is less than R30 000 for the year then he does not need to submit a provisional return.

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