To answer this question, please select “yes” if you sell goods or services to businesses whose asset value or annual turnover exceeds R2,000,000. Please note that this question applies to the business who is purchasing from you, not your own asset value or annual turnover. Annual turnover is usually defined as the total amount of money a business earns from selling goods or services, before any expenses are deducted. Asset value is the total value of everything the business owns (e.g. fixed assets such as furniture, current assets such as cash, and intangible assets such as trademarks).
If the business asset value or annual turnover of the businesses that you sell to does not exceed R2,000,000, please select “no” to this question.