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Ballpark tax estimate for new PTY LTD
Hi there,
I've just recently returned to South Africa after a long stint in the UK. I am now contracting for my UK company, and have set up my own Pty Ltd. company here in SA. I have never contracted before, and don't have a clue what the tax will work out to. I've not yet commenced working, so I still have some time to inform myself, but I was wondering if anyone could give me a rough steer on the level of tax I would be paying.
A bit of info:
- I am the only director of the pty ltd, I do not have anyone else working for me.
- Expected turnover per annum = R750,000
Are there any particular tips for how I should proceed? Naturally I will be going to an accountant, but prefer going in with a little bit of a better idea than I have now (which is none!)
Thanks!
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