More about CIPC /CIPRO ReturnsHow do i Comply?
Click Here To File these returns please go to the CIPC/CIPRO Returns Form on the menu above or click here. Please fill in the Required information on the form and we will help you meet this requirement immediatly Quick Facts about CIPRO/CIPC Returns Who is CIPC? Stands for Companies and Intellectual Property Commission Previously known as Companies and Intellectual Property Registration Office (CIPRO) What are These returns for? An annual return contains a summary of the latest information of an entity which should be received by CIPC / CIPRO at least once a year. It further serves as a measure to confirm if an entity is still working or will be doing business within the foreseeable future When are these Returns Done? Annual returns must be lodged within the anniversary month of the close corporations incorporation. Penalty fees will be incurred within a month of non- compliance. Example: If the close corporation /Company Was Registered in in January 2008 the anniversary month will then be January. Thus the first annual return must be lodged 1 January to End of February 2009 and for the same period the years thereafter. An annual return may still be lodged after such date but a penalty fee of R150 will be incurred for each late lodgment. Consequences of Non-compliance Non-compliance leads to deregistration, which has the effect that the entity (company) is withdrawn from the CIPRO database and the entity ceases to exist legally.(You hence forth Can’t continue Trading with the company) What if my CC/ Company Has never traded?, has no assets and liabilities, why do I have to lodge Annual Returns?These Returns are MANDATORY AND COMPULSORY Whether the Entity has traded or not, whether it has assets or not. Once i Do these returns will i get a tax Clearance? No, these returns go to CIPC/CIPRO Not SARS. Every Year you will have to do these returns to CIPRO/CIPC and the ones to SARS to keep your Company alive and tax matters in place |
Difference Between CIPC and SARS ReturnsBoth these returns serve different purposes and follow different administrative routes. Therefore, compliance with one does not substitute compliance with the other. They are counter related. For an entity to be up to date and trade legally, it has to firstly submit CIPRO/CIPC Returns Which is the Responsibility of the Member CIPRO/CIPC Returns accumulate penalties if not paid on time.
Purpose of Submitting these two returns CIPROReturns An annual return contains a summary of the latest information of an entity which should be received by CIPC / CIPRO at least once a year. It further serves as a measure to confirm if an entity is still working or will be doing business within the foreseeable future. TAX Returns Tax returns are used to determine the amount of tax you paid versus the amount of tax you owed and thus decide whether you owe more tax or if you are owed a refund. Consequences of Non-compliance CIPRO Returns Non-compliance leads to deregistration, which has the effect that the entity (company) is withdrawn from the CIPRO database and the entity ceases to exist legally.(You hence forth Can’t continue Trading with the company) TAX Returns The consequences of non-compliance are not limited to statutory or legal penalties- the indirect costs to a company are often more significant. These include the inconvenience and cost of righting a mistake, damage to the company’s reputation or credit rating, and even possible loss of contracts |
Restoring a Deregistered EntityTo Restore Your Deregistered CC/ PTY
Click Here If unfortunately Your Company has been De-registered already for non compliance, We can help to restore the Entity However Please read through the Basic Requirements that your Entity Should have met before De-registration to Qualify For Restoration
Once you are sure your have met this basic requirement we help you with the process to restore the Company Hassle Free To Restore your Company / CC Now Click Here |