<\/p>\n
What Are CIPC Annual Returns?<\/span><\/strong><\/p>\n Annual returns are used to determine whether the business is still doing business or will be doing business in the future. If annual returns are not filed, CIPC assumes that the business is dormant and starts the process to remove the business from the register of active businesses. Also, annual returns may be used to gauge the level of compliance with the Companies Act especially financial reporting. <\/span><\/p>\n All companies (including external companies) and close corporations are required by law to file their annual returns with the CIPC on an annual basis, within a prescribed time period. The purpose of filing of such annual returns is to confirm whether a company or close corporation is still in business\/trading, or if it will be in business in the near future. The annual return may be regarded as a type of annual \u201crenewal\u201d of the company or close corporation registration.<\/span><\/p>\n Therefore, if annual returns are not filed within the prescribed time period, the assumption is that the company or close corporation is inactive, and as such CIPC will start the deregistration process to remove the company or close corporation from its active records. The legal effect of the deregistration process is that the juristic personality is withdrawn and the company or close corporation ceases to exist. <\/span><\/p>\n Although you may file your returns with SARS, compliance with the one does not mean that there is compliance with the other. It is two different processes, administered in terms of different legislation by two different government departments. A clear distinction must be made between an annual return and a tax return. An annual return is a summary of the most relevant information regarding the company or close corporation and is filed with CIPC while a tax return focuses on taxable income of a company or close corporation in order to determine its tax liability to the State and is filed with SARS. <\/span><\/p>\n <\/p>\n When should it be paid?<\/span><\/strong><\/p>\n It is an annual filing and it differs for companies and close corporations. Companies must file (regardless as to whether it was active or not) within 30 business days starting from the day after its date of registration. Close corporations must file (again regardless as to whether it was active or not) starting from the first day of the month it was registered up until the month thereafter. It may still file after such a period, but an additional penalty fee will be applicable. <\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" <\/p>\n <\/p>\n CIPC Annual Returns<\/span><\/p>\n Get Quote<\/span><\/p>\n Services Includes<\/span><\/strong><\/p>\n <\/p>\n Submitting annual returns to CIPC<\/span><\/p>\n Acquiring new company registration documents for validation of returns<\/span><\/p>\n <\/p>\n Requirements<\/span><\/strong><\/p>\n Company Registration documents <\/span><\/p>\n Annual Sales<\/span><\/p>\n <\/p>\n Process<\/span><\/strong><\/p>\n Once the above requirements are received with proof of payment, we will submit your company annual sales and other relative information to CIPC. Once submitted your company will receive an amount payable which is included in our services fee, unless your company is trading more than 1 million in the year or you are submitting late returns, additional fees will apply. Once we paid immediately, within 24 hours you will receive your new company registration documents for validation of returns.<\/span><\/p>\n <\/p>\n[contact-form-7 id=\"a65c45f\" html_id=\"product_enquiry_form\"]\n <\/p>\n","protected":false},"featured_media":1672,"comment_status":"open","ping_status":"closed","template":"","meta":[],"product_brand":[],"product_cat":[25],"product_tag":[],"class_list":["post-290","product","type-product","status-publish","has-post-thumbnail","product_cat-service","first","instock","shipping-taxable","product-type-simple"],"_links":{"self":[{"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/product\/290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/comments?post=290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/media\/1672"}],"wp:attachment":[{"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/media?parent=290"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/product_brand?post=290"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/product_cat?post=290"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/www.smartcompanyservices.co.za\/public_html\/demo\/wp-json\/wp\/v2\/product_tag?post=290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}