Page 27 - F6 Slides (CGT,TT,ET AND PT)
P. 27
Registered micro business
• A micro business as defined should register with SARS if it elects to
apply the turnover tax regime.
• Registration is always voluntary and no person is obliged to register,
even if the person falls within the definition of a micro business and
the person’s qualifying turnover is below the R1 million threshold.
• The registration as a micro business always applies with effect from
the beginning of a year of assessment.
