You are the lucky winner of the Powerball and want to start up your own business with the winnings.
Discuss the tax implications of registering your enterprise as a private company vs. conducting business as an individual.

Your discussion should focus on the following headings:

2.1 Tax rates with discussion of the 2023 SARS tax tables. (15)


2.2 Tax benefits (15)


2.3 Discuss the advantages and disadvantages of trading as a sole proprietor and
as a private company. (40)

Answer rating: 100% (QA)

Answer 21 Tax Rates with discussion of the 2023 SARS tax tables 15 Tax Rates for individuals in South Africa 2023 Taxable income Tax rate Up to R91250 0 R91251 to R445650 18 R445651 to R587850 26 R587... View the full answer