Small Business Tax Rates 2024 South Africa. Turnover tax is a simplified tax system for small businesses with a qualifying turnover of not more than r1 million per annum. Our guide to small business tax in south africa covers the key steps you need to know as you approach tax season.

As we embark on the fiscal year 2024, south african small business owners stand to unlock the immense potential of tax deductions—a veritable treasure trove made available by the south african revenue service. 2024 tax rates, thresholds and allowance for individuals, companies, trusts and small business corporations (sbc) in south africa