SARS treats Airbnb and short-let earnings as rental income, subject to normal income tax with allowable expense deductions. Keep accurate records of all income and costs. VAT registration becomes compulsory once your taxable supplies exceed R1,000,000 in any consecutive 12-month period; voluntary registration is possible below that threshold. If VAT-registered, you must charge 15% VAT on taxable supplies.
Get a quick and free estimate for what your property could be earning you with Houst managing it. Then, book a call with our team to discuss it further.
Get A Quick Estimate (FREE)