Register my business for Turnover Tax
Turnover Tax is a simplified system aimed at making it easier for micro business to meet their tax obligations. The Turnover tax system replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax for micro businesses with a qualifying annual turnover of R1 million or less. Turnover Tax is worked out by applying a small tax rate to taxable turnover of a micro business.
Contact us to register your micro business for Turnover Tax or to find out more.