If I register for turnover tax would I still need to register for personal income tax?
By Marc Sevitz · Updated
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.
As a sole proprietorship no, you would be able to register it all at once.