- Individuals and partnerships must pass the following test to qualify for Turnover Tax!
- All small businesses know it! Turnover Tax is a blessing, especially when compared to having to juggle VAT, Income Tax, Provisional Tax, Dividends Tax as well Capital Gains Tax.
This alternative tax system, namely Turnover Tax, can make it so much easier to meet tax obligations.
But how can you make sure you, as an individual or a partnership, qualify for Turnover Tax?
By answering 'YES'... ››› more
- [07 April 2016]
- How to calculate turnover tax using the SARS tax tables
- According to SARS, turnover tax is a simpler tax system, making it easier for micro businesses to meet their tax duties. It replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax as well as Dividends Tax for qualifying micro businesses.
Here, we'll show you how to calculate your turnover tax, as indicated by SARS, using the SARS tax tables.
But first, let's take a look at who exactly ... ››› more
- [06 April 2016]