Abstract
Regulatory compliance costs impose a deadweight burden on firms and should therefore be minimised. In achieving this goal, it is necessary to embrace a process of smart regulation, rather than focus on deregulation. Tax compliance cost is one type of regulatory costs that is often viewed to have a large negative impact on SMMEs. To gauge the impact of this cost on small business in South Africa, this document reviews three available studies on the impact of tax compliance costs on South African SMMEs. The three studies reviewed are: - Counting the Cost of Red Tape for Business in South Africa by SBP (2005); - Measurement of Value Added Tax Act and Regional Services Councils Act-induced Administrative Burdens for South African Small Businesses by Upstart. Business Strategies (2004), commissioned by the Department of Trade and Industry (dti); and - SMME Facilitation Program (Report Version) by the South African Revenue Services (SARS) to be released in 2005
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