Results 1 to 6 of 6

Thread: Do sole proprietors fill an ITR12 for income tax?

  1. #1
    New Member
    Join Date
    Mar 2019
    Location
    Johannesburg
    Posts
    7
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Do sole proprietors fill an ITR12 for income tax?

    Do sole proprietors fill an ITR12 for income tax?

  2. #2
    New Member
    Join Date
    Mar 2019
    Location
    Johannesburg
    Posts
    7
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Please help, I really need the answer to the above question !

  3. #3
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    Hi Ace

    Yes they do. It is by answering the initial questions honestly that you will find that section available to you. A sole proprietor, for tax purposes, is simply someone who has an income from an economic activity other than employment at a registered employer.

  4. #4
    New Member
    Join Date
    Mar 2019
    Location
    Johannesburg
    Posts
    7
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks you for your post. How would fill out an ITR12 if you are showing nil returns.

  5. #5
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    Hi Ace

    The ITR12 is for you and includes any trade income that you may have earned. If it is all nil, then it is all nil.

    The appropriate screen opens up depending on your answers. See the image
    Click image for larger version. 

Name:	SARS1.jpg 
Views:	211 
Size:	73.5 KB 
ID:	7504

    After making the selection, the page in the image below will be available
    Click image for larger version. 

Name:	SARS2.jpg 
Views:	238 
Size:	78.6 KB 
ID:	7505

  6. #6
    New Member
    Join Date
    Mar 2019
    Location
    Johannesburg
    Posts
    7
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi Andromeda, thanks so much for your speedy reply. You've been super helpful!

Similar Threads

  1. Sole Proprietors excluded from UIF according to which section of the UIF act?
    By cppgenius in forum Labour Relations and Legislation Forum
    Replies: 11
    Last Post: 05-Feb-13, 09:42 PM
  2. Income tax as sole proprietor
    By Abdi in forum Tax Forum
    Replies: 2
    Last Post: 07-Aug-12, 12:49 AM
  3. Better fill packaging
    By duncan drennan in forum General Business Forum
    Replies: 7
    Last Post: 08-Oct-07, 10:25 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •