All those companies which were registered from year 2020, one of their directors is required to be registered as the SARS Registered Registered Representative before they will be able submit income tax returns on eFiling. Therefore, if your company was registered from this period, you won’t able to submit outstanding income tax returns on eFiling until you are registered as […]
Companies registered from year 2011
If you have registered a company in South Africa between April 2011 and till to date, that company is obligated to submit income tax returns whether it operated or not in terms of income tax act. Whether that company is in AR Final Deregistered status on CIPC, that company is still required to submit outstanding income tax returns.
2021 and 2022 SARS ITR14 non-submission administrative penalties imposed
SARS has imposed administrative penalties to the companies for non-submission of ITR14 for 2021 and 2022 tax years.
CSD Supplier Number Deactivated
Since the status of your company has changed to CIPC AR Final Deregistration, CSD has deactivated your supplier’s profile on CSD on the 23rd February 2024. This means that the supplier’s profile is no longer be considered as a potential supplier to the government and CSD will no longer automatically re-verify supplier information like tax status, government employee status, restricted […]
2022 SARS ITR14 Final Demand Letter
On 20 February 2024, SARS issued final demand letters to companies which did not submit ITR14 for 2022.
Companies not appointed SARS Registered Representative
If your company has not appointed the registered representative, your company will not able to submit SARS income tax returns. Failure to submit the income tax return on a due date will lead to non-compliant CSD Tax Information. The income tax returns due dates are 31 August and 28 February every year, provided that the financial year of your company […]
You can now open a business account at Capitec Bank
You can now open a business account at Capitec Bank by following this link openbusiness.capitecbank.co.za
SARS IRP6 for 202401 period is due on 31 August 2023
SARS IRP6 for 202401 period is due on 31 August 2023. Failure to submit this provisional income tax return on a due date your company will be in non-compliant tax status on SARS Tax Compliance Status system and also on CSD.
If you are submitting an income tax return at SARS you are not claiming tax
If you are submitting an income tax return at SARS you are not claiming tax but you are reconciling your tax affairs. That is why you pay SARS if your employer has underdeducted tax from your remuneration and you also get a refund if your employer has overdeducted tax from your remuneration.
Please prepare the Annual Financial Statements for the 2022 tax year
Please prepare the Annual Financial Statements for the 2022 tax year. The information which is on the Annual Financial Statements (Balance Sheet and Income Statement) is required when you submit the SARS ITR14 for 2022 which is due on 28 February 2023.