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What to do with my number company for tax purposes?

Posted 18 April 2014

I am a working individual with a small IT support Company on the side that I am running for extra income. The company is registered as PTY LTD just wondering what the process is and do I need to register for tax because the company is just starting and has no turnover as of yet ?

TaxTim TaxTim says:
21 April 2014 at 18:57

You need to register for a SARS tax number within 15 days of setting up the company. You will not be paying any tax however because of no profits, but you must have a tax number.

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