Turnover Tax vs Company Income Tax

[Alton Turner Blackwood]

Which would one go for if you have to register for tax for a small startup? For example a company who would probably not make more than 250 000 in its first year.

 

[Alton Turner Blackwood]

Would've expected at least Celine to respond

Any way I've been looking around the net and it seems that Turnover Tax is worse than Income Tax, so Income Tax it is!

 

[Nefertiti]

We have also opted for the income tax option but are considering turn over tax. Why we havent gone over yet has to do with how quickly you have to pay the tax man its monies. Though I'll ask my friend when he gets in.