- Aug 26, 2016
You do. Because the company pays the 21% tax then if you want to actually get the money out there is either normal income tax if you pay yourself a salary or there is dividend tax.Rofl, its not 50% though, you dont add them on top of each other. Funny you said im the one that doesnt understand how tax works when actually all you were doing was projecting.
If you want to learn something then i suggest you read through this link: https://www.taxtim.com/za/blog/sole-proprietor-or-company-whats-best-for-tax
And frantically Googleing taxes isn't going to change that.
You should read your own examples because it agrees with me. Lol