Side hustles and taxes - Does the taxman need to know about your side hustle?
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One in five city-dwelling South Africans have a side-hustle business in addition to their day job, this year’s Old Mutual Savings and Investment Monitor shows.
Whether you are making lunch for colleagues at work, making clothes, pet-sitting, tutoring or delivering Uber Eats, if your side-hustle and day-job income together amount to more than the tax threshold, you need to declare the income, Doné Howell, a tax director at BDO, says.
Whether you are making lunch for colleagues at work, making clothes, pet-sitting, tutoring or delivering Uber Eats, if your side-hustle and day-job income together amount to more than the tax threshold, you need to declare the income, Doné Howell, a tax director at BDO, says.
