Question: When determining whether a business will be regarded as a micro business, what is done first? a . Calculate the qualifying turnover which must exceed
When determining whether a business will be regarded as a micro business, what is done first?
a
Calculate the qualifying turnover which must exceed R million.
b
Calculate the qualifying turnover which must not exceed R million.
c
Calculate the taxable turnover to determine if it will qualify.
d
Check whether it is a trust since all trusts qualify as micro businesses.
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