​What is taxable turnover for Turnover Tax purposes?

The taxable turnover for a registered micro business includes all the amounts (not capital) received by that business during a year of assessment from their business activities in South Africa, including those amounts described in paragraph 6 of the Sixth Schedule to the Income Tax Act. The amounts described in paragraph 7 must be excluded.

Last Updated: 14/02/2013 3:39 PM     print this page
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