Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


If I register for turnover tax would I still need to register for personal income tax?



I am starting a retail store business, selling hand-made products. This business will be run as a sole proprietorship and the premises for the store will be leased from the property owner.
I have never registered for income tax (personal or company) before.
I forecast turnover of about R300,000 per year and am considering registering for SARS turnover tax.
If I do register for the turnover tax would I still need to register for personal income tax? I have set up a separate business account for this business.

TaxTim TaxTim says:
14 November 2013 at 13:06

As a sole proprietorship no, you would be able to register it all at once.

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



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.