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Can Doctors Register a Company in South Africa?

Posted 28 May 2013 under Tax Q&A


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For a doctor running a private practice in South Africa, can a company be registered and will this be a benefit in terms of tax implications as compared to a sole proprietorship?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
28 May 2013 at 11:02

A doctor can register a company, but unless you are employing 3 or more un-connected employees there will be no specific benefit other than the income tax rate payable. Companies are taxed at 28% whereas a sole proprietorship will be taxed according to the marginal tax rates of individuals.


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235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started