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

Posted 11 November 2013 under Tax Questions



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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.

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TaxTimTaxTim says:
14 November 2013 at 13:06

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


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