|Taxable turnover (ZAR)||Rate of tax (ZAR)|
|1 – 335 000||0% of turnover|
|335 001 – 500 000||1% of turnover above 335 000|
501 000 – 750 000
|1,650 + 2% of turnover above 500,000|
|750 001 – 1 000 000||6 650 + 3% of turnover above 750 000|
- Individuals (sole proprietors)
- Close corporations
- Public benefit organizations, recreational clubs, associations of persons and small business funders are excluded from qualification.
- Income from professional services rendered is limited to 20% of total income.
- Professional services are defined as: accounting, actuarial science, architecture, auctioneers, auditing, broadcasting, consulting, draftsmanship, education, engineering, financial services brokers, health, IT, journalism, law, management, estate agencies or agents, research, sport surveying, translation, valuation and veterinary science.
Registration for turnover tax is not yet available within SARS eFiling and must be performed manually.
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