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Hannes said: 22 September 2015 at 14:33 I have a small business on the side line where my wife and I are 50/50 owners of the company. I have a job but she does not. Is it best to only declare dividends to her? |
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TaxTim Marc said: 23 September 2015 at 15:41 How is the company taxed? Is it a registered as a micro business for turnover tax or a Small Business Corporation? Or is it taxed at normal corporate rates? |
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Hannes said: 24 September 2015 at 19:09 It is registered as a micro business for turnover tax. |
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Hannes said: 24 September 2015 at 19:24 It is registered as a micro business for turnover tax. |
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TaxTim Marc said: 27 September 2015 at 15:08 Yes, it is best to take dividends - the first R200,000 for the year will be exempt from dividends tax in the micro-business (thereafter will be subject to dividends tax at 15%) and will also be classified as exempt dividend income in her personal capacity. |
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Hannes said: 27 September 2015 at 20:16 Thank you very much. |
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TaxTim Marc said: 28 September 2015 at 16:02 Only a pleasure! |
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