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Business expense refund?

Posted 27 January 2014

I have my own private practice. What percentage of my business expenses occurred throughout the year can I expect to get back?

TaxTim TaxTim says:
27 January 2014 at 16:50

It is not based on a percentage basis, but on the actual expenditure incurred in earning the income generated. The most however you can expect to benefit from is 40% for individuals and self-employed people and 28% for registered entities due to that being the rate of tax.

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