Rules released for small business amnesty

The proposed legislation is in line with President Thabo Mbeki’s promise last year to reduce the cost of doing business to help encourage the growth of smaller enterprises, says a Business Day report. SARS spokesperson Adrian Lackay said the measures would apply to small businesses that had already provided returns to SARS. Also included were those who had been assessed by the Receiver for taxes, since full amnesty was not available for these taxes. Lackay said that as the objective of the amnesty process was to help normalise the tax affairs of small businesses, a partial waiver of outstanding tax debts had been proposed. Full Business Day report Guidelines on SARS site