Below you will find more information about each service. follow-up of the online application form. The first step is to register your business with CPIC with one of our consultants. You can apply here. After registration, a tax advisor in your area will help you with ALL the tax services you need at very reasonable prices. If a business is registered with the CPTC, it must be registered with SARS for corporate tax. Most business owners distribute ALL (or most) of the company`s profits to directors and other stakeholders in the form of salaries and fees during the company`s fiscal year. If the business makes a profit in October of each year, your business is required to pay a preliminary tax return and the rest of your company`s annual tax returns by February. Corporate tax is currently 28%. If you need to start and register as a business, you should contact the Companies and Intellectual Property Commission (CIPC), formerly known as CIPRO. If you are already registered as a business and meet certain qualification requirements, you can register as a small corporation (SBC) to receive additional tax incentives. One of the incentives for CBS is the reduction of corporate tax rates, as shown in the tables below. All employers hiring employees must be registered with the UIF (Unemployment Insurance Find), PAYE (Pay As You Earn) and SDL (Skills Development Levy).
At the end of each month, SARS requires you to pay these fees after paying your employees` salaries. We answer all your other frequently asked questions (FAQs) about registering a new business: 3. Companies with personal liability: Directors and former directors are jointly liable for all debts and liabilities arising from their tenure. The name of the company ends with the word « incorporated ». According to the online PTY registration, a name reservation takes between seven and 21 days. A business certificate can be registered within three to five days, depending on whether you submitted your documents on time and the workload of the Registrar`s office is high. You can register your business as one of the following: 5. Private companies: They are similar to what used to be called narrow companies. Some of the changes to private companies include fewer disclosure and transparency requirements that are no longer limited to 50 shareholders and whose board of directors must consist of at least one director. The name of a private company must end with the term « Proprietary Limited » or « (Pty) Ltd ». Yes. Under the CPTC, a company can be registered under the Companies Act 2008 with or without a company name.
A registered business without a reserved name will continue to receive a registration number, which automatically becomes the name of the business. Also note that if you are an employer, you must apply to SARS to register with SARS within 14 days of taking up your employer`s duties in order to pay employee tax, which may include PAYE, SDL and UIF. If you want to know more about VAT, click here. To learn more about other taxes, click here. You can also call the SARS Contact Center on 0800 00 SARS (7277) for more information or for assistance on a specific request. Need help? If you need help completing the ITR14 business tax return on e-filing, check out our helpful video tutorial by clicking on the image below. If you need help getting your tax compliance status, check out our helpful video tutorial by clicking on the image below. « It is very important for a company to secure its domain name as soon as possible to avoid online brand identity theft. A domain name gives your business a digital presence and accessibility, and allows a business to start a brand online, » said Angel Selebano, Communications and Outreach Coordinator at. ZA Domain Name Authority (ZADNA).
Meeting your tax obligations as a small business has been greatly simplified in recent years. Read below for more information: Before doing business with large companies/government institutions, they want to know that your business doesn`t have a bad track record with SARS. To prove this, you must provide them with a SARS tax incapacity certificate. An import/export licence is also referred to as a customs code or customs registration of an importer/exporter. To obtain a customs code, the person or company must be registered with South African Customs (included in this licence). VAT registration can be done on a voluntary basis for new businesses. It is mandatory if your business plans to generate sales of R1 million or more within 12 months. If you are not yet an eFiler, you must register on www.sarsefiling.co.za to complete and submit your ITR14 online.
Electronic filing is free, convenient and secure. .