What to do with my number company for tax purposes?

By Marc Sevitz · Updated

I am a working individual with a small IT support Company on the side that I am running for extra income. The company is registered as PTY LTD just wondering what the process is and do I need to register for tax because the company is just starting and has no turnover as of yet ?
TaxTim Marc

TaxTim Marc said:
21 April 2014 at 18:57

You need to register for a SARS tax number within 15 days of setting up the company. You will not be paying any tax however because of no profits, but you must have a tax number.
SARS & eFiling