8.     REGISTRATION

 

(1)     A person that meets the requirements set out in Part II may elect to be registered as a micro business-

 

(a)     before the beginning of a year of assessment or such later date during that year of assessment as the Commissioner may prescribe by notice in the Gazette;or

 

(b)     in the case of a person that commenced business activities during a year of assessment, within two months from the date of commencement of business activities.

 

(2)     A person that elected to be registered in terms of subparagraph (1) must be registered by the Commissioner with effect from the beginning of that year of assessment.

 

(3)     A person that is deregistered in terms of paragraph 9 or 10 may not again be registered as a micro business.