IMPORTANT DATES FOR OCTOBER, NOVEMBER AND DECEMBER 2014
BETALINGS VAN DIVIDENDE EN ANDER UITKERINGS
February 4, 2015HANTERING VAN DIE HUWELIK EN BOEDELBEPLANNING
February 4, 2015Listed in the table below are some important SARS and CIPC deadlines between 1 October 2014 and 31 December 2014. Submit your returns and make payment, if necessary, by the due dates to avoid unnecessary penalties and interest.
For more information on the submission of Annual Returns to the CIPC, please refer to the section below the table.
Important dates
| Return number | Return description | Action required | 2014 Due dates | |||
| October | November | December | ||||
| SARS | ||||||
| EMP201 | Monthly Employer Declaration | Calculation of Employees’ Tax, UIF contributions and SDL contributions due for the previous month; Submission of EMP201; Payment of amount due (if applicable) | 7 | 7 | 5* | |
| ITR12 | Personal Income Tax Return | Submission of ITR12 for the tax year ended 28 February 2014 (e-filing submissions for non-provisional taxpayers; electronic submissions at a SARS branch for provisional and non-provisional taxpayers) | 21 | |||
| VAT201 | Vendor Declaration (only for Manual Registered Vendors) | Calculation of VAT due or refundable; Submission of VAT201; Payment of amount due (if applicable) | 24* | 25 | 24* | |
| VAT201 | Vendor Declaration (only for Registered VAT eFilers) | Calculation of VAT due or refundable; Submission of VAT201; Payment of amount due (if applicable) | 31 | 28* | 31 | |
| EMP501 | Employer Interim Reconciliation | Reconcile PAYE, UIF and SDL for the period from 1 March 2014 to 31 August 2014 | 31 | |||
| CIPC | ||||||
| AR | Annual Return | Companies | ||||
| Pay Annual Return fees on CIPC website and file Annual Return | Within 30 days after the anniversary of the incorporation (registration) date | |||||
| AR | Annual Return | Close Corporations | ||||
| Pay Annual Return fees on CIPC website and file Annual Return | Within the annniversary month of its incorporation (registration) or the month thereafter | |||||
* Last business day before due date
Submission of Annual Returns to the CIPC (Companies and Intellectual Properties Commission)
- Who must file Annual Returns (ARs)?
All companies and close corporations must file ARs.
- Why must ARs be filed?
ARs must be filed to confirm that a company/close corporation is still active or will be active in the foreseeable future.
- How must ARs be filed?
ARs can only be filed electronically on the CIPC’s website.
- What must be filed with an AR?
Currently only audited financial statements, if an audit is required, have to be submitted via email.
If a company/close corporation is not required to file audited financial statements, it may voluntarily email audited or reviewed financial statements to the CIPC.
Where neither an audit nor an independent review of the annual financial statements is required, and the company/close corporation does not submit audited or reviewed annual financial statements, a financial accountability supplement must be filed with its AR.
- When must ARs be filed?
Companies must file an AR once a year within 30 days after the anniversary of its incorporation (registration) date.
Close corporations must file an AR once a year within the anniversary month of its incorporation (registration) date or the month thereafter.
- What does it cost to file an AR?
There are different fee structures for companies and close corporations which are set out on the CIPC website. Fees are based on the annual turnover of the company/close corporation. Increased fees are applicable if an AR is filed later than the due dates as set out in number 5 above.
- What happens if an AR is not filed?
If an AR is not filed the CIPC will start the process to deregister the company/close corporation.
- Can the process to deregister be cancelled?
Yes, but only if deregistration is due to not filing an AR(s) and after all outstanding ARs have been filed.
The information submitted in an AR is available to the general public with the exception of certain personal details of directors of companies and members of close corporations.
If you need more information or professional assistance on the preparation and submission of any of the returns mentioned above, please do not hesitate to contact us.
This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.
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