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SARS and Side Hustles: Are You Compliant?
Manage episode 490030534 series 3603568
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Earning extra income in South Africa? You might be risking more than you think.
Whether you are working a second job, earning freelance income, or picking up part-time work in retirement, SARS wants its share, and it has the tools to get it. In this CapeTalk interview, Nicolas Botha, Tax Compliance Manager at Tax Consulting South Africa, explains how to stay on the right side of the law when juggling multiple income streams.
If your side hustle is serious, your tax plan should be too. Visit our website before SARS visits you: https://bit.ly/44meTnC
Key Topics Covered:
00:00 - Introduction
00:20 - Why more South Africans are turning to side hustles
01:00 - How SARS taxes extra income and freelance gigs
02:16 - Declaring cash income and common mistakes to avoid
04:00 - What retirees need to know about post-retirement jobs
07:08 - Should you register a business for your side hustle?
#SideHustleTax #SARSCompliance #TaxTipsSA
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