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What Is a CIPC Annual Return?
Quick Answer What Is a CIPC Annual Return? A CIPC annual return is a compulsory yearly filing confirming your company still exists. It is due within 30 business days of your registration anniversary, costs R100 to R3,000 depending on turnover, and requires an up-to-date beneficial ownership declaration. Skipping it leads to deregistration. What this means in plain language It is not a tax return and not financial statements – those go to SARS. The annual return is the companies register’s yearly roll-call plus a fee that keeps your registration alive. Even dormant companies must file. The Companies Act makes no exception for companies that did not trade – you file…
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What Happens If I Don’t File My CIPC Annual Return?
Quick Answer What Happens If I Don't File My CIPC Annual Return? Missing a CIPC annual return triggers late fees immediately. Continued non-filing leads CIPC to deregister the company – it then legally ceases to exist, cannot trade or hold contracts, and its bank accounts can be frozen. Reinstatement costs R200 plus all outstanding returns at late rates. What this means in plain language Deregistration is not a fine – it is the end of the company as a legal person. Anything the company owns, including money in its bank account, can vest in the state. The escalation is slow but relentless: one missed year means late fees; several missed…
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