Page 30 - F6 Slides (CGT,TT,ET AND PT)

Compulsory deregistration

• Compulsory deregistration occurs where a business no longer

qualifies as a micro business in terms of the provisions of the Sixth

Schedule.

• In the event of a compulsory deregistration of the micro business,

that micro business moves back into the normal tax regime with

immediate effect (that is, from the first day of the month during

which the business is deregistered from the turnover tax).

• It is therefore assessed for two periods in the year of assessment –

one in the turnover tax system and the other in the normal income

tax system.