We you do start up a new business there are a few SARS Registrations that you do need to consider and allot of people are not always aware of these. We will outline these for you on this page.
SARS Registration - Income Tax
Every entity needs to register with SARS for Income and provisional tax.
SARS Registration - PAYE or Employees Tax
A business need to register for PAYE as soon as the employees earn more than the tax threshold for the specific financial year. Directors of companies who earn a monthly income also need to register for PAYE.
SARS Registration - SDL Registration
A company need to register for the Skills Development Levy) when its gross remuneration exceeds R 500 000 per annum.
SARS Registration - VAT Registration
A company need to register for VAT (Value Added Tax) as soon as the turnover exceeds R 1 million per annum.
If you do need assistance with any of the above registrations, be sure to contact us to discuss your needs.
We are currently members of the Institute of Accounting & Commerce (The principle director JN Basson are registered with practice number AO652993) & South African Institute of Tax Practitioners.
Please complete the enquiry form below and one of our tax and accounting consultants we will get in touch with you.