1887

n Professional Accountant - A tax concession for company owned residences

Volume 2009 Number 1
  • ISSN : 1680-7537

Abstract

Section 33 of the new Companies Act 71 of 2008, requires companies to file annual returns with the CIPRO office, together with payment of the prescribed fees. In terms of the current Companies Act, 1973, all companies must lodge an Annual Return with the Registrar. This return must be lodged every year, no later than the end of the month that follows upon the month within which the anniversary date of the company's incorporation occurs. If, after successive reminders, a defaulter still fails to lodge a return and / or make the necessary payment, the Registrar will, after six months, institute deregistration proceedings against the entity. However, all the liabilities, if any, of every director, officer and member of the company shall continue and may be enforced by the creditors and/or SARS for any outstanding taxes, as if the event of deregistration had not occurred.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/account/07/1/EJC16621
2009-07-01
2019-12-08

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error