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Amy says: 1 September 2015 at 14:22 I have never done my tax before. I've always earned a small basic and a lot of commission since I have worked as a beauty therapist. How do I go about submitting my tax return? the only proof I have got for expenses are banking statements. I have received a IRP5 form for this tax year |
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TaxTim says: 1 September 2015 at 16:40 Does your commission make up more than 50% of your total earnings for the year? If so, you can deduct your business related expenses against the commission and therefore reduce your overall tax liability. Examples of possible business expenses are cell phone usage, wear and tear on cell phone, business mileage provided you have a logbook etc Any expenditure you claim needs to be supported by the relevant supporting documents to justify that it was indeed incurred for business purposes. You also need to keep details of medical expenditure in order to receive the relevant medical tax credit. Please register for TaxTim and let us assist you to complete and file your tax return. Register for TaxTim |
