turnover tax for micro businesses
2021 (1 March 2020 - 28 February 2021) -
no changes from last year | Taxable turnover (R) |
Rate of tax (R) |
| 1 – 335 000 |
0% of taxable turnover |
| 335 001 – 500 000 |
1% of taxable turnover above 335 000 |
| 500 001 – 750 000 |
1 650 + 2% of taxable turnover above 500 000 |
2020 (1 March 2019 - 29 February 2020)
| Taxable turnover (R) |
Rate of tax (R) |
| 0 – 335 000 |
0% of taxable turnover |
| 335 001 – 500 000 |
1% of taxable turnover above 335 000 |
| 500 001 – 750 000 |
1 650 + 2% of taxable turnover above 500 000 |
2019 (1 March 2018 - 28 February 2019)
| 0 - 335 000 |
0% |
| 335 001 - 500 000 |
1% of the amount above 335 000 |
| 500 001 - 750 000 |
1650 + 2% of the amount above 500 000 |
| 750 001 and above |
6 650 + 3% of the amount above 750 000 |
2018 (1 March 2017 - 28 February 2018)
| 0 - 335 000 |
0% |
| 335 001 - 500 000 |
1% of the amount above 335 000 |
| 500 001 - 750 000 |
1650 + 2% of the amount above 500 000 |
| 750 001 and above |
6 650 + 3% of the amount above 750 000 |
2017 (1 March 2016 - 28 February 2017)
| 0 - 335 000 |
0% |
| 335 001 - 500 000 |
1% of the amount above 335 000 |
| 500 001 - 750 000 |
1650 + 2% of the amount above 500 000 |
| 750 001 and above |
6 650 + 3% of the amount above 750 000 |
2016 (1 March 2015 - 29 February 2016)
| 0 - 335 000 |
0% |
| 335 001 - 500 000 |
1% of the amount above 335 000 |
| 500 001 - 750 000 |
1650 + 2% of the amount above 500 000 |
| 750 001 and above |
6 650 + 3% of the amount above 750 000 |
2013 - 2015 (1 March 2012 - 28 February 2015)
Please note: The Turnover Tax rates remained unchanged from the 2013 - 2015 tax years.
| 0 - 150 000 |
0% |
| 150 001 - 300 000 |
1% of the amount above 150 000 |
| 300 001 - 500 000 |
1 500 + 2% of the amount above 300 000 |
| 500 001 - 750 000 |
5 500 + 4% of the amount above 500 000 |
| 750 001 and above |
15 500 + 6% of the amount above 750 000 |