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Should I do a tax return if my business revenue was less than R 350,000.00 for the year?

Posted 12 August 2015

Neelios says:
12 August 2015 at 10:40

Hi guys,

I've got a sideline business (CC), and our revenue was WAY less than R 350,000. 00. Should I still process a tax return?

TaxTim TaxTim says:
12 August 2015 at 11:54

Yes, all company profits are taxed at 28% unless the entity is a Small Business Corporation and then profits are taxed on a sliding scale.

The SARS communication on the R350,000 threshold refers to individual taxpayers and not companies.
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