Abstract
Small and medium enterprises (SMEs) are considered an important contributor to the economy in South Africa, as they are seen to be contributing towards the reduction of unemployment. However, they are sometimes burdened by regulations, one of which is tax compliance. Small businesses in South Africa can be liable for more than one type of tax depending on the type of the business registration and nature of business activities. In order to comply with tax regulation, small businesses often incur costs, for example payments for outsourced accounting and taxation services. Research has shown that these costs can be a burden for small businesses in monetary terms, and therefore deter the creation and growth of some of these businesses. Therefore, government and the South African Revenue Service (SARS), in an effort to stimulate the creation and growth of these businesses, have introduced initiatives to assist small businesses to reduce their tax compliance costs...
M.Com. (Taxation)