FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


If my turnover drops below the 28% threshold, do I still have to pay tax at 28%?

Posted 8 February 2017

Jeni said:
7 February 2017 at 15:38

As a small business, if my turnover is R14 million in year one and then drops to R12 million in year two, do I still have to pay tax at 28% per annum,even through the turnover has dropped below the threshold?

TaxTim Alicia TaxTim Alicia said:
8 February 2017 at 6:57

If you meet the definition of a Small Business Corporation, the turnover level being R20m, then you will not need to pay 28%. Please have a look at our questionnaire on Is my Business a Small Business Corporation?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.





Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.