Print Page
News & Press: Institute News

Small Business Corporations and Turnover Tax – What does the future hold?

Wednesday, 07 May 2014   (0 Comments)
Posted by: Author: Prof. Sharon Smulders
Share |

Author: Prof. Sharon Smulders

Please note that SAIT recently attended a round-table with National Treasury regarding proposed changes to the taxation of small businesses. 

The 2014 budget announced changes to the Small Business Corporation (SBC) and Turnover Tax for micro businesses regimes. It is imperative that the tax industry carefully consider changes to the small business tax regimes. 

The Institute proposed to National Treasury that a survey be conducted.  We therefore appeal to you to complete the quick poll developed by SAIT to have your voice heard and assist the Institute to provide commentary to National Treasury. 

Click Here to access the poll.  



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.

  • Tax Practitioner Registration Requirements & FAQ's
  • Rate Our Service

    Membership Management Software Powered by YourMembership  ::  Legal