Below are the turnover ceilings for each class of business, as broken down into sectors by the small business development department. Asset value no longer counts at all.

The legal definition of micro, small, and medium-sized businesses has entirely removed gross asset value as a metric because it is “often inappropriate and difficult to measure”.

The only two metrics to legally determine the size of a business are: the number of employees (full time paid employees, or the equivalent of full time paid employees), and total annual turnover.

The ceiling for employees is uniform across all companies, regardless of the sector they trade in.  Micro enterprises can have a maximum of 10 employees, small businesses must have between 10 and 50 employees, and medium-sized enterprises can have up to 250 employes.