- Tax compliance
All businesses in South Africa are required to be registered with SARS for income tax, for VAT if annual supplies exceed R1m and for PAYE & UIF in the event that the business has employees.
If your business is not registered with SARS, get in touch with our team of experts to assist you with the appropriate registrations:
- Income tax
- PAYE & UIF
- Annual returns Every company or close corporation registered in South Africa is required to submit an annual return to the CIPC. The annual return summarizes key information about the trading entity and serves to confirm to the CIPC that the business is continuing in trade. Compliance with annual return protocols is signified as “AR Compliant” by CIPC. Read conversely, if a trading entity is not AR Compliant, it is a signal to a funder that the business in question is potentially not legally trading. If your company or close corporation annual returns are not up to date or you do not have a reliable protocol for annual submission thereof, reach out to our company secretarial services team for assistance:
- Company secretarial
- Industry specific bodies Each industry may have mandatory regulatory agencies with individual compliance protocols. Where membership of such regulatory agencies is mandatory within the industry, the entity in question is required to conform.
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