Which businesses are exempt from tax in South Africa?

In South Africa, certain types of businesses may be exempt from paying income tax, provided they meet specific criteria and comply with relevant regulations. These exemptions are designed to promote economic growth, job creation, and other socially desirable outcomes. However, the criteria for exemption can vary, and it’s important to consult with a tax professional … Read more

When must I register my business for tax?

In South Africa, you must register your business for tax as soon as it meets the criteria for tax registration. The specific tax registration requirements and deadlines can vary based on the type of tax and the nature of your business. Here are some common scenarios: Income Tax: If you are a natural person (individual) … Read more