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QUICK CHECK TO SEE IF YOUR BUSINESS QUALIFIES FOR THE TURNOVER TAX
1	Will the qualifying turnover of the business be less than or equal to R1 million for the year of assessment?	Yes No

2	Do you declare that the business is not registered for VAT or, if it is registered for VAT, that you are willing to deregister it?	Yes No

3	Do you declare that the business does not render a professional service?	Yes No

4	Do you declare that the business is not a personal service provider or a labour broker without a SARS exemption certificate?	Yes No

5	Does the business trade in one of the following forms: sole proprietor, partnership, close corporation, cooperative or company?	Yes No

6	If the business is a partnership, do you declare that all the partners will be individuals throughout the year of assessment?	Yes No

7	If the business is a close corporation, cooperative or company, do you declare that all of the shareholders/members will be individuals throughout the year of assessment?	Yes No

8	Do you declare that the business is not a public benefit organisation or a recreational club?	Yes No

9	Does the business have a year of assessment that ends on the last day of February?	Yes No

10	Do you declare that the shareholders, members and the business do not hold shares/interests in another close corporation, cooperative or company, other than the following exceptions: Interests in listed South African companies; Interests in collective investment schemes; Interests in body corporates and share block companies; Interests in venture capital companies; Interests of less than 5% in social or consumer co-operatives; Interests of less than 5% in co-operative burial societies or primary savings co-operative banks; and Interests in friendly societies.	Yes No

11	Do you declare that the investment income is not expected to exceed 10% of the total income of the business for the year of assessment?	Yes No

12	Do you declare that the income from the disposal of assets by the business over the year of assessment and the past two years of assessment is not expected to exceed R1.5 million in total?	Yes No

Note: If you are a partner in more than one partnership, you will not qualify for the “turnover tax”. Your partners will still qualify if they are only partners in a single partnership and answer 'yes' to any of the questions If the score is red: You don’t qualify for Turnover Tax If the score is green: You qualify for turnover Tax score: