Tax on commission

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  • Pravesh
    New Member
    • Jun 2020
    • 1

    #1

    [Question] Tax on commission

    If I receive a commission on a once off sale of R 1 700 000.00 after the VAT of R 300 000.00 is deducted, what is the impact on tax payable to SARS.

    Please advise on the following:

    1. What is the tax rate after I declare this

    2. Can I open a shelf company and pay tax per the company's act and what is the rate

    3. Can I ask the attorneys to put the money in a trust account FOR MY KIDS

    Hope to hear from you soon

    Regards

    Pravesh
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