Tax compliance tips to help SMMEs unlock benefits and incentives for greater growth
AS AN entrepreneur or small business owner, you may often consider the broader role that tax plays in your business.
Navigating the intricacies of South African business tax can be difficult—but this is why working with a financial adviser or tax expert to understand the basics of business tax is so crucial for entrepreneurs to plan, comply with, and benefit from tax incentives and lower tax bills accordingly.
SA’s tax landscape
In South Africa, despite overall tax re-venue increasing from R1.686 trillion in 2022/23 to a record net collection of R1.741 trillion in 2023/24, a worryingly small number of small business owners are reporting taxable income amounts, resulting in …
