Valuable information for the Real Estate Industry
If you’re a self-employed real estate salesperson or agent, it’s important to be aware of your tax responsibilities. We’ve highlighted some points to make it easier to fulfil your tax obligations. Income Tax Commissions paid to real estate salespersons or agents are schedular payments and are usually taxed at a flat rate of 20%. This tax on payments is usually deducted by the person who pays you. GST… Read more