Turnover tax calculator 2026/27

Turnover tax rates for 2026/27

For years of assessment from 1 March 2026 to 28 February 2027. A micro business qualifies with turnover of up to R2,300,000 a year.

Worked example

A business with taxable turnover of R1,200,000 for 2026/27:

1. Bracket R950,001 – R1,400,000: R3,500 + 2% of taxable turnover above R950,000
2. Amount above R950,000 R1,200,000 − R950,000 = R250,000
3. Rate on that amount 2% × R250,000 = R5,000
4. Plus the bracket's fixed amount R3,500 + R5,000 = R8,500

Turnover tax for the year: R8,500, paid as R4,250 by 31 August 2026 and R4,250 by 26 February 2027.

Questions people ask

What are the turnover tax rates for 2026/27?

For the year from 1 March 2026 to 28 February 2027: Up to R600,000: 0%; R600,001 – R950,000: 1% of taxable turnover above R600,000; R950,001 – R1,400,000: R3,500 + 2% of taxable turnover above R950,000; R1,400,001 and above: R12,500 + 3% of taxable turnover above R1,400,000.

Who can register for turnover tax?

A micro business whose qualifying turnover is no more than R2,300,000 a year (raised from R1 million from 1 April 2026), subject to SARS's other conditions. A business over the limit must leave turnover tax and pay normal income tax.

When are turnover tax payments due?

Two interim payments (TT02), each normally half the year's estimated turnover tax: by the last business day of August (31 August 2026) and of February (26 February 2027). The annual return (TT03) follows after the year ends.