Hi guys
I have some momey on paypal that I would like to transfer to my FNB account which is linked. Before you do the transfer you have to select an option like, "Gift" "services rendered", "goods exported via South African Post office" etc etc.
It also says that all documentation must be available to the South African reserve bank.
My question. If I sell and a second hand good and send it overseas and I can show them the receipt of the sale do I have to pay tax on this income? If so how much would it be?
Thank you in advance.
I have some momey on paypal that I would like to transfer to my FNB account which is linked. Before you do the transfer you have to select an option like, "Gift" "services rendered", "goods exported via South African Post office" etc etc.
It also says that all documentation must be available to the South African reserve bank.
My question. If I sell and a second hand good and send it overseas and I can show them the receipt of the sale do I have to pay tax on this income? If so how much would it be?
Thank you in advance.