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Do I need to submit a tax return for my small business?

Posted 25 January 2016

Herne said:
25 January 2016 at 15:35

I own a small business which was registered as a company in March 2015 and I'm the sole owner. I distribute online products in Johannesburg and my turnover was less than R30 000. Do I have to submit a tax return?

TaxTim Marc TaxTim Marc said:
25 January 2016 at 16:12

Yes you will, but you will not have to pay tax if you don't make a profit.

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