How to file annual returns on CIPC

How to file annual returns on CIPC

Filing annual returns can seem like a hard and stressful process, while it’s much easier to do in reality. This is a guide on how to file annual returns on CIPC.

Overview

All registered companies must file annual returns with the CIPC every year after the financial year end of the company. This is something that you are not told when registering the company. If you don’t file your returns then your company automatically becomes deregistered.

The cost of filing annual returns on the CIPC is R100 and R150 if you are late and more if you didn’t file returns for the previous years. The above prices only apply to companies who made less than R10million in revenue during the course of the financial year.

If your company has made more than R10million then you have to pay R450. What happens if you didn’t make any money? You still have to pay, even if you made R0 during the course of the financial year.

What documents are required?

There are no documents that are required when filing annual returns with the CIPC. All you have to do is to state how much money your company made and you will pay according to the bracket you fall under. If your company made less than R10million then you will pay R100 if you filed your returns in time and R150 if you are late.

You don’t have to send any proof of your financial statements or any supporting documents. All you have to do is fill in the amount of money you made, which is usually 0 by default.

Step by step guide on how to file your returns on CIPC

Here is a complete step by step guide on how to file your annual returns on CIPC.

1. Login to your CIPC account

You have to navigate to the CIPC website and login to your account. This account was created when you registered your company. It might happen that you have forgotten your password, in which case you have to reset it, using the email and phone number you registered the company with.

It might also happen that you received help when registering your company, either through a paid professional or a friend. In that case you should contact whoever helped you to register your company and ask him/her for the login details.

2. Click on “file”

As soon as you login to your account the CIPC will tell you that you are in compliance or not. Right at the top of the page there is a table showing your compliance status. If you have filed your returns then it should be green and if not, it should be red and next to it there will be a hand icon under the “file” column. Click on it to begin the process.

3. Enter your enterprise number

At this stage you should enter your enterprise number, which could be a bit confusing as you usually get two numbers when registering a company. Enter the number with the year and date of the company registration.

It will do a search and give you the company details, please read the details to make sure that you are filing returns for the correct company. Confirm if the details are correct and go to the next page.

4. Calculate outstanding amount

It will take you to a page where you have to calculate your outstanding amount. Which will be R100 or R150 if you have not filed returns for the previous years. At the bottom of the screen there is something that reads “capture AFS” just click on it, it will probably take you to a page that is confusing and not working.

Just click back to go to the previous page and refill your information and calculate the outstanding amount again and click on “capture AFS” again. This time it’s supposed to work properly and take you to a page that requires you to enter or edit your enterprise details like email and phone number.

5. Pay the annual return fees

Making a payment is easy because the only form of payment is a card payment. All you have to do is enter your card details and click on “pay”, you will receive a notification from your banking app asking you to approve the payment.

You will receive an email telling you that you have successfully filed your returns and updating you on the changes you have made. Your compliance status should immediately change to green.

Conclusion

The primary reason why you have to file annual returns with the CIPC is to show that your business/company is still active and will be for the near future. This was a guide on how to file annual returns with CIPC. Do you have any thoughts or questions? Comment below.

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