Entrepreneurs and/or Multi-national corporates who want to start a business need to be aware of the tax obligations of running a business whether it be in the form of a legal entity on in a personal capacity. You are required to register your business by filling in an IT77 form within 60 days after commencement with your local SARS office to obtain an income tax reference number.
A close corporation or private company must be registered with the Registrar of Companies and Close Corporations to obtain a business reference number. Your private company will then be registered automatically as a taxpayer.
Depending on factors such as turnover, payroll amounts, whether you are involved in imports and exports etc. you could also be liable to register for other taxes, duties, levies and contributions.