New Turnover Based Tax
If your turnover is below R1 million per annum and you meet the other necessary requirements, you will be able to apply for the new tax system. This will mean that VAT, STC, CGT and Provisional Tax will no longer apply.
For more information regarding the additional requirements and the applicable tax rates, please see the SARS website (http://www.sars.gov.za/home.asp?PID=4232&ToolID=2&ItemID=44056) or contact our offices.
Applications for this Tax Regime close on 30 April 2009.
