This insightful webinar explores the latest SARS tax relief measures for small businesses. Learn how to maximise deductions, access incentives, and comply with legislative requirements. Gain clarity on qualifying criteria and practical guidance on applying the relevant SARS practice and interpretation notes to reduce tax burdens and improve business sustainability.
This session will unpack tax relief opportunities available to South African small businesses under the Income Tax Act, guided by SARS Interpretation Notes and current legislation. Topics include Small Business Corporations (SBCs), turnover tax, employment tax incentives (ETI), VAT considerations, and practical compliance tips to ensure eligibility and avoid pitfalls.
Key Topics Covered:
• Definition and eligibility criteria for SBCs (SARS Interpretation Note 9)
• Turnover tax regime vs standard taxation
• Employment Tax Incentive (ETI) updates
• Allowable deductions and capital allowances
• VAT registration thresholds and reliefs
• SARS compliance requirements and documentation.
• Small business owners and entrepreneurs
• Tax practitioners and consultants
• Accountants and bookkeepers
• Financial managers of SMEs
• Start-up advisors and business incubators.
