Provisional tax for less than R5000 income - what do do for SARS?
By Marc Sevitz · Updated
Yes, but then you would just submit a Zero estimated taxable income if you do not expect to make profits.
If the profit is about R3000, how do I submit it? Do I need audited financial statement?
No, you can just include the amount of R3000 for which the tax will be 28% of that amount.
Will the financial statement need an authorized person registered with any of the recognized professional bodies (Accounting/ Tax related) to sign off?
The accounting officer of the company can sign it off. For that amount and size of business you do no not need a full audit.