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Income Tax Act, 1962 (Act No. 58 of 1962)


Sixth Schedule : Determination of Turnover Tax payable by Micro Businesses

Part IV : Registration

8. Registration


(1) A person that meets the requirements set out in Part II may elect to be registered as a micro business—
(a) before the beginning of a year of assessment or such later date during that year of assessment as the Commissioner may prescribe by notice in the Gazette; or
(b) in the case of a person that commenced business activities during a year of assessment, within two months from the date of commencement of business activities.


(2) A person that elected to be registered in terms of subparagraph (1) must be registered by the Commissioner with effect from the beginning of that year of assessment.


(3) A person that is deregistered in terms of paragraph 9 or 10 may not again be registered as a micro business.

[Paragraph 8(3) of the Sixth Schedule substituted by section 99(1) of the Taxation Laws Amendment Act, 2011 (Act No. 24 of 2011) - effective 1 March 2012]