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Description

All companies are required to submit annual returns to CIPC in order to maintain their status as active on the CIPC database.

All companies are required to pay annual returns to CIPC in order to maintain their status as active on the CIPC database. Failure to pay the annual returns will result in your company being deregistered by CIPC followed by the freezing of your bank account. To prevent this from happening, CIPC requires that the annual returns be paid to them on the anniversary date of the company’s initial registration.

Time to complete: 1-2 days

Costs: Our fees + the CIPC Fees for an Annual Return.

Requirements:

1. x

Notes:  The CIPC fees are based on the turnover of the company however there may be penalties due for previously outstanding or late returns. R150 penalty fee for each late submission

• Annual Turnover & CIPC Fees under the new Companies Act (2008)
  • Less than R1m (paid within 30 business days): R 100
  • Less than R1m (paid after 30 business days): R 150
  • R1m but less than R10m (paid within 30 business days): R 450
  • R1m but less than R10m (paid after 30 business days): R 600
  • R10m but less than R25m (paid within 30 business days): R 2,000
  • R10m but less than R25m (paid after 30 business days): R 2,500
  • R25m and more (paid within 30 business days): R 3,000
  • R25m and more (paid after 30 business days): R 4,000
• Annual Turnover & CIPC Fees under the Close Corporation Act (1984)
  • Less than R50m: R 100
  • Equal or more than R50m: R 4,000
• Annual Turnover & CIPC Fees under the old Companies Act (1973)
  • Less than R10m: R 450
  • More than R10m but less than R50m: R 2,500
  • R50m and above: R 4,000