I AM NOT A TAX CONSULTANT. This is my opinion and you should approach a tax consultant.
TAX Year is 2022
You will register for
Provisional Tax. IRP6
First submission is end of
August.
Second submission is end of
February.
Tax is calculated on YEARLY ESTIMATED
INCOME - EXPENSES for March 2021 - February 2022.
Expenses:
Keep ALL proof of transactions, slips, receipts etc. for 5 years.
1. Office space (exclusive use) to house %.
e.g. Office 10m² / House 100m²
Office = 10%
2. Rent x 10%, Electricity x 10%, Security x 10%.
e.g. Rent 3 000 x 10% = 300 expense
Electricity 5000 x 10% = 500 expense
ADT Security 400 x 10% = 40 expense
You can do the same for your Internet, Insurance etc.
3. Office Equipment and Stationery less than R7000
e.g. Paper, pen, ink, markers, printer, chair, kettle, new CPU etc.
3. Office Equipment more than R7000 you work out the Depreciation over a period of 3 - 6 years.
https://www.taxtim.com/za/tax-guides/definitions/wear-and-tear
e.g. New laptop, Coffee Machine, PC
4. Software or Software Subscriptions
e.g. MS 365 Business, Camtasia, Photosshop, Windows 10 etc.
5. Medical Aid amount as specified by SARS, travel allowance (need log book), business meetings expenses etc.
6. Less Rebate specified by SARS
The Budget tax guide 2026 will be published on 25 February 2026 when the Minister of Finance delivers his budget speech - keep an eye on the Budget webpage.
www.sars.gov.za
Calculation:
So if your yearly estimated income is R120 000. And your yearly office expense is R20 000.
Then R120 000 - R20 000 = R100 000.
R100 000 - R15 714 (Rebate) = R84 286 Taxable Income
First Provisional Tax will be R84 286 ÷ 2 = R42 143
Second Provisional Tax will be the rest of the year, minus R42 143.
So first provisional tax you would want to estimate as accurately as possible to avoid penalties when doing your second and final payment:
Seasoned provisional taxpayers – those people who earn income from sources other than, or in addition to a regular ol' salary or traditional payment…
www.taxtim.com
Other Resources:
(Some is for salaried workers, but Provisional Tax can be applied to everyone.)
Is your fibre internet connection tax deductible? We asked some tax experts.
www.fibretiger.co.za
The Moore tax team responds to a reader's enquiry with regard to claiming a tax deduction for home office expenditure in the 2021 year of assessment.
www.moore-southafrica.com
The South African Revenue Services has previously allowed the deduction of home office expenses in the determination of taxable income where taxpayers earn mainly commission or are independent contractors and freelancers.
businesstech.co.za
