Registering

As soon as a taxpayer commences a business, whether as a sole proprietor, a partner in a partnership or as a shareholder in a company, then you need to register at your SARS branch to get an income tax reference number. You must register within 60 days after you have started your business by completing an IT77 form, which can get from your SARS branch or below.
 
The nature of your business truly affects what you pay in tax.
There are are many different forms of business. We have described the legal form of each and the basic advantages and disadvantages of each.
 
Close Corporations (CC) Although no new CCs can now be formed
 
The other types of business include
a) Small business corporation (SBC)
To find more about tax relief for these types of business click here.
b) Micro business
To find more about turnover tax for these types of business click here.
c) Personal service giver
For a full definition please read the Tax Guide for Small Businesses 2012/13 below.
Labour broker
For a full definition please read the Tax Guide for Small Businesses 2012/13 below.
Independent contractor
For a full definition please read the Tax Guide for Small Businesses 2012/13 below.
Small, medium and micro enterprises (SMMEs)
Information on SMMEs, details of various assistance schemes, rebates, incentives and information the as how to start a business, types of business entities and requirements of registration of a business entity, can be obtained from depending on Department of Trade and Industry or on its website www.dti.gov.za.
 
Top Tip: Some businesses deal with a Tax Practitioner for their tax matters. Only deal with registered and reputable tax practitioners – you can check if they’re registered with an accredited professional body and you’ve got better protection if they belong to a registered practitioner association.
Last Updated: 11/01/2019 10:26 AM     print this page
SARS eFiling eFiling Login eFiling Register Now eFiling Forgot Password eFiling Forgot Username E@syFile
FIND A PUBLICATION
FIND A FORM
FIND AN FAQ