Tax Implications for Side Hustles and Freelancers: What You Need to Know

💻 Lucrative Side hustle? Freelancing? Contract Worker? You might owe SARS more than you think.

In South Africa, all income — including informal or part-time work — must be declared for tax. Whether you earn via bank transfers, EFTs, or cash-in-hand, SARS expects a full record. ✅

Here’s what to keep in mind:
✔️ You may need to register as a provisional taxpayer
✔️ Keep proof of all income and expenses
✔️ Set aside tax throughout the year to avoid a surprise bill
✔️ Track all income, and taxable expenses related to your industry — even small amounts count

TGC helps freelancers and contract workers stay on the right side of SARS — and make the most of their deductions. Not sure where to start? Let TGC help you handle tax the right way.