Should I have a tax number first in order to register for turnover tax?
By Marc Sevitz · Updated
We registered a CC a few years back, but we never traded on it. We would now like to get the business up and running, although our turnover will be very small during the first year. I understand that we may qualify for turnover tax, but my question is, should we first have to register for normal tax (i. E. Get a tax number) before we can then register for turnover tax, or can we just register for turnover tax from the start?
We never got a tax number after we registered the business originally (back in 2010) so I am not quite sure if we even have a tax number at the moment :)
Yes, the tax number is the first place to start. You would need to use an IT77c form which can be obtained from the SARS website.
Perfect. Thank you!
Only a pleasure!