Turnover Tax Micro · 2026 / 27
A simplified single tax that replaces income tax, VAT and provisional tax for qualifying micro businesses. Paid twice a year, computed on taxable turnover.
Your turnover
Gross receipts for the tax year, less capital receipts and certain exempt amounts. Net of VAT output on standard-rated supplies.
Annual turnover tax
R 0
for the 2026 / 27 tax year
Calculation
Taxable turnoverR 0
Bracket—
Tax owedR 0
Payments
1st payment — 31 Aug 2026R 0
2nd payment — 28 Feb 2027R 0
Not everyone qualifies. Turnover must be below R2.3m (raised from R1m in the 2026 Budget), only individual / trust / close corp owners, no more than 20% from investment or professional income, and the entity must elect into this regime (TT02 registration). Existing VAT vendors have exit rules to follow.