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Annual Returns for CC's

2009-09-07

All close corporations will become liable to lodge and pay annual returns as from 1 September 2008 as prescribed and regulated. CC's failing to comply can be deregistered by the Registrar.

What is the purpose of an Annual Return?
In keeping with legislation, the Registrar of Close Corporations needs to determine whether a registered organisation is still in business and to confirm the Registrar is in possession of the latest information of the close corporation, each close corporation is compelled in terms of the Act to lodge an Annual Return once every year.

When do I need to lodge the close corporation's Annual Return?
An Annual Return needs to be lodged within the anniversary month of its official incorporation up until the end of the month following its anniversary month.

What will happen if I fail to lodgement the close corporation's Annual Return?
Should a close corporation fail to lodge and pay for its Annual Returns for a period more than six months the Registrar may conclude that the close corporation is no longer conducting business and may refer it to be deregistered.

ALL REGISTERED CC'S WILL BE ABLE TO SUBMIT THEIR ANNUAL RETURN ON MYFINANCE-ONLINE.CO.ZA AS FROM THE 1ST OF SEPTEMBER 2008 AT A COST OF R295 FOR CC'S WITH A TURNOVER OF LESS THAN R50 000 000 A YEAR AND R4 450 FOR A CC WITH A TURNOVER OF MORE THAN R50 000 000. VISIT OUR SERVICES SECTION TO LODGE YOUR ANNUAL RETURN ONLINE.


Tax Season 2019

tax season 2019 starts on 1 st of july 2019. tax season is around the corner once again. here's why you should be wary of the r500 000 threshold as announced by sars and insure that you understand exactly whether you should submit a return or not.

Corporate income tax returns assistance

clients can now receive assistance in filing corporate income tax returns by completing an easy online form.

PAYE and UIF registration can be done online

you can register your business for a paye/uif number with sars online. the online form takes about 1 minute to complete.

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