The Davis Tax Committee is inviting any comments from interested parties with regard to how the current tax system can be improved to promote growth and tax compliance within the SME sector.
Specifically, input into the following three areas is required:
- What should the definition of "small business” actually be?
- What tax table should be used to tax these small businesses?
- What incentives and allowances should be introduced to assist small businesses?
Any comments or suggestions, anyone?
For a little background on this committee, you can read this Moneyweb article.
And as food for thought, here is SARS' Small Business info page to get some headline points as to what SARS does for small business at the moment.