evaluation

Information, Comments & Evaluation

Individuals save and make investments to enhance their quality of life. Registering for Turnover Tax Turnover tax is a simplified tax system for small businesses with a qualifying turnover of not more than R1 million per annum. It’s a tax primarily based on the taxable turnover of a business and is on the market to sole proprietors (people), partnerships, shut companies, corporations and co-operatives. Turnover tax takes the place of VAT (in the instance that you have not determined to elect back into the VAT system), provisional tax, income tax, capital good points tax, secondary tax on firms (STC) and …