A little-known tax break that could save your small business

Anele and the Club on 947 · Sep 15, 2026 · 21m · transcript

From 1 April 2026, qualifying micro businesses with annual turnover of up to R2.3 million can opt into the system. The first R600,000 of turnover is taxed at 0%, meaning a qualifying business can make up to R600,000 in turnover without paying Turnover Tax on that amount. And it works differently from normal income tax: instead of taxing your profit, Turnover Tax is calculated on your turnover essentially the money your business receives from its business activities. So, for example, a business with taxable turnover of R900,000 would pay R3,000 in Turnover Tax not R3,000 every month, but…