Can Doctors Register a Company in South Africa?

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.

Submit your tax return right here!

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

Blog Categories

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.