ANNUAL RETURN SUBMISSION FOR COMPANY RENEWAL
(COMPANIES AND CLOSE CORPORATIONS)
Annual Turnover/Sales is less than R1 million.
Complete the form below:
Who is required to submit the annual return?
All close corporations and companies are obligated to submit annual returns to prevent penalties and the risk of being de-registered and closed. An annual return is NOT the same as a tax return submission. Tax returns MUST ALSO be filed with SARS.
Is it necessary for my non-trading company to submit the annual return?
Yes, if a company is inactive but intended for future use, and you wish to avoid de-registration (closure), the annual return MUST be submitted.
When is the deadline for submitting the annual return?
The annual return must be submitted in the anniversary month of the company.
For instance, if the company was established on 15 May, the annual return will be due for submission every year on 15 May.
What is the importance of submitting the annual return?
To provide updated information and annual turnover to the Companies and Intellectual Properties Commission.
Submitting annual returns ensures the company remains operational and prevents it from being closed.
What are the consequences of failing to submit the annual return on time?
If a company does not file its annual return within the specified timeframe, it will ultimately be de-registered, meaning it will cease to exist.
The company name will then be available for registration by the public.