Copyright: Dennis Kotze, www.hiswaybooks.co.za. All rights reserved.
To do what is right and just is more pleasing to Adonai than sacrifice.
Proverbs 21:3 Complete Jewish Bible
PROFESSIONAL BOOKKEEPING SERVICES (PTY) LTD
Annual renewal fee:
All companies and CC’s have to pay an annual renewal fee with the registrar of companies
since 2005. Any outstanding payments will result in the de-registration of companies
Needs to be completed every month and handed in before the seventh of the following
month. Failure will result in a penalty of 10% plus interest (set by government).
Vat return needs to be completed and handed in every two to four months before the
25th of the month following the end of the cycle month. Failure will result in a
penalty of 10% plus interest (set by government).
Needs to be completed by every business including sole proprietors who employ staff
at the beginning of each year. Non-compliance will result in penalties in also the
delay of individual tax returns.
Individual tax returns
Needs to be completed by individuals on an annual basis. Failure will result in late
submission penalties and interest.