Tax rates for turnover tax for micro businesses

2016 (1 March 2015 – 29 February 2016)
?Taxable turnover (R) ?Rate of tax (R)
?0 – 335 000 ?0%
?335 001 – 500 000 ?1% of the amount above 335 000
?500 001 – 750 000 ?1650 + 2% of the amount above 500 000
?750 001 and above ?6 650 + 3% of the amount above 750 000
2013 – 2015 (1 March 2012 – 28 February 2015)
Please note: The Turnover Tax rates remained unchanged from the 2013 – 2015 tax years.

?Taxable turnover (R) ?Rate of tax (R)
?0 – 150 000 ?0%
?150 001 – 300 000 ?1% of the amount above 150 000
?300 001 – 500 000 ?1 500 + 2% of the amount above 300 000
?500 001 – 750 000 ?5 500 + 4% of the amount above 500 000
?750 001 and above ?15 500 + 6% of the amount above 750 000

2012 (1 March 2011 – 29 February 2012)

?Taxable turnover (R) ?Rate of tax (R)
?0 – 150 000 ?0%
?150 001 – 300 000 ?1% of the amount above 150 000
?300 001 – 500 000 ?1 500 + 3% of the amount above 300 000
?500 001 – 750 000 ?7 500 + 5% of the amount above 500 000
?750 001 and above ?20 000 + 7% of the amount above 750 000