Inside Your Business: Small Businesses In South Africa Can Reduce Their Tax Burden

Small business remaining tax compliant by meeting their tax obligations is essential for business growth and funding opportunities. The South African Revenue Service has over the years made it easier to do so. “Initially, at the beginning of the Covid lockdown, SARS allowed affected businesses to deter a percentage of their VAT and PAYE returns. This now has been stopped and there are no further tax incentives available,” says Ken Brown, director at SME. <a href="http://www.kayafm.co.za">kaya fm</a>