Page 31 - F6 Slides (CGT,TT,ET AND PT)
P. 31
Taxable turnover
• The tax base for the turnover tax is the taxable turnover of a
registered micro business.
• It is on this taxable turnover that the actual amount of tax due is
calculated. The turnover tax regime does not provide for the
deduction of any business-related expenditure.
• As no deductions or allowances are provided for, the principles of
recoupments are also not relevant to a micro business’s turnover tax.
