FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Should I do a tax return if my business revenue was less than R 350,000.00 for the year?

Posted 12 August 2015

Neelios says:
12 August 2015 at 10:40

Hi guys,

I've got a sideline business (CC), and our revenue was WAY less than R 350,000. 00. Should I still process a tax return?

TaxTim TaxTim says:
12 August 2015 at 11:54

Yes, all company profits are taxed at 28% unless the entity is a Small Business Corporation and then profits are taxed on a sliding scale.

The SARS communication on the R350,000 threshold refers to individual taxpayers and not companies.
Reasons you need to file your tax return

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.