How To Register Small Business With Sars

To reduce the administrative burden on small businesses sars introduced a single tax system as a tool for small businesses to help streamline their tax obligations known as turnover tax.

How to register small business with sars. Small businesses with a turnover of up to r1 million per annum will now be able to pay certain taxes turnover tax vat and employees tax twice instead of once a year making the. The maintain sars registered details screen will display. If you have already registered for efiling in your individual capacity you have to choose the specific user for each business that you would like to do efiling for. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. General disclaimerthese tutorial videos are provided to help taxpayers understand their obligations and entitlements under the tax acts administered by the c.

Select i agree to confirm that you are authorised to perform maintenance functions of the registered details of the company or individual. Select add new product registration to register new or additional vat branch. See how to get back control of your sars efiling profile otherwise call sars za on 0800 00 7277 0800 00 sars provide your id number and some other security details and they will restore access to your efiling. You can apply for a tax clearance certificate good standing or tender. Click vat under my tax products revenue on the left menu 6.

In most cases an sme can be either a sole proprietorship or a partnership. If not you can register for an efiling profile on the efiling website. All company registration documents will be available to download the links will be provided in our confirmation email a business bank account can be opened with the cor14 3 registration certificate. 70 700 365 000. This step assumes that you have registered.

Registration must be done within 60 days after starting operations by completing an it77 form available at your local sars office or from the sars website. A tax practitioner if they submit returns on behalf of other individuals or businesses. 365 001 550 000. 0 70 700. Choose the correct user from taxpayer list.