FAQ: Who does not qualify to be registered for Turnover Tax?

A natural person or company may be excluded from the Turnover Tax regime if:

1. the shares are held in an unlisted company;
2. more than 20% of the receipts are derived from rendering a professional service;
3. the taxpayer is a personal service provider or a labour broker;
4. if the company’s financial year end is not on 28 February; and
5. if the any of the company’s shareholders is not a natural person.