Turnover Tax

This simplified Turnover Tax based system applies to small sole proprietors, partnerships and incorporated businesses with a turnover of less than R1 million per year.

This system is elective. For years of assessment commencing on or after 1 March 2012, a micro-business can voluntarily exit the system at the end of any year of assessment.  However, once out of the system the taxpayer will not be permitted to re-enter.

Prior to this, a three year lock-in period existed for exit and re-entry into the system.  Personal services are rendered under employment-like conditions and certain professional services are excluded from this system.

For years of assessment commencing on or after 1 March 2018, transitional measures have been introduced to eliminate penalties when turnover exceeds R1 million and the micro-business is obliged to exit the system.

1 March 2015 to 28 February 2023

Need Help With Your Tax?

Book a consultation and let us make your life easier!





    We are friendly, approachable and at the same time offer the highest level of professionalism and client care.

    Let us take away the stress of your annual tax submissions. Get in touch today, we will respond promptly, effectively and accurately to your tax compliance needs.