There are plenty of upsides that come with running a business. When it comes to taxes, one of the biggest perks is being able to reduce your taxable income, and therefore your tax bill by deducting legitimate business expenses through SARS registration. Our list of business tax expenses below will help ensure you capture all possible deductions when submitting tax in South Africa.
Whether you’re set up as a sole proprietor or a company in South Africa, every cost you incur that directly relates to operating your business could be tax-deductible.
But how do tax-deductible business expenses work and what types of expenses should you be tracking? Here’s what you need to know.
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