FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax threshold for business

Posted 19 August 2013

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 TaxTim says:
19 August 2013 at 23:32

How much will you earn each year?

Tyron says:
20 August 2013 at 7:25

About 6000 a month.

Tyron says:
20 August 2013 at 7:25

But could vary

TaxTim TaxTim says:
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.

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.