The Davis Tax Committee is inviting any comments from interested parties with regard to how the current tax system can be improved to promote growth and tax compliance within the SME sector.
Specifically, input into the following three areas is required:
What should the definition of "small business” actually be?
What tax table should be used to tax these small businesses?
What incentives and allowances should be introduced to assist small businesses?
Should you have any solutions to the above questions or any other suggestions with regard to this important area, please email Sharon Smulders at email@example.com by 15 September 2013. Now is the time to have your voice heard.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.