In this Business Talk with Michael Avery interview, Sage Senior Compliance Specialist Bazil Marema discusses the tax responsibilities involved when running a side hustle.

Marema is registered with the South African Institute of Tax Practitioners (SAIT) and has extensive experience in the tax compliance industry.

He has worked as a Senior Compliance Specialist for Sage since January 2023 – before which he served as a Senior Tax Associate at PwC South Africa.

Marema begins the interview by unpacking the tax consequences of having a side hustle, including whether you should register with the Companies and Intellectual Property Commission (CIPC).

He then explains what it means to be a provisional taxpayer and when it’s best to start declaring your side hustle income.

Marema also outlines the expenses that can be claimed as deductions, what happens if side hustle income isn’t declared, and how to submit a tax return.

He concludes the interview by outlining the benefits of a side hustle and by providing tax compliance tips to those in this position.