Annual Return Submission

Description

Companies must file within 30 business days AFTER the anniversary date of its incorporation while close corporations must file within the anniversary MONTH of its incorporation up until the month thereafter (effectively 2 months). It is important to note that CIPC does not allow access to file the returns before the due date.

All Companies that require an audit must also submit their audited financial statements. The rest of the companies have to submit a financial accountability statement ( CoR 30.2).

The amount of money a company has to pay to CIPC for its annual returns depends on what type of company it is e.g: CC or (Pty) Ltd (new or old Act) and what the turnover is. The turnover is calculated on the last financial year (not calendar year) so that the CIPC can compare it with SARS for accuracy.