I require information on turnover tax requirements.

I am starting a small business and was looking at turnover tax as an option. The manual turnover will be under 300k. Do I need to register or is it only a requirement if you are earning over the allowed amount. Is turnover tax after expenses or on the total amount paid into the company bank account.

You would need to register with SARS and the Turnover amount is the amount earned before expenses.