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TaxTim says: 13 March 2015 at 11:56 Yes, but then you would just submit a Zero estimated taxable income if you do not expect to make profits. |
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Majestic says: 13 March 2015 at 12:56 If the profit is about R3000, how do I submit it? Do I need audited financial statement? |
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TaxTim says: 13 March 2015 at 13:32 No, you can just include the amount of R3000 for which the tax will be 28% of that amount. |
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Majestic says: 16 March 2015 at 11:29 Will the financial statement need an authorized person registered with any of the recognized professional bodies (Accounting/ Tax related) to sign off? |
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TaxTim says: 17 March 2015 at 19:58 The accounting officer of the company can sign it off. For that amount and size of business you do no not need a full audit. |
