Annual Return

Pay your Annual Returns

How to pay your Annual Returns

An Annual Return is a small fee that needs to be paid to CIPC on a yearly basis to show that the company is still in existence. The easiest way to pay your annual return is to use our service to pay your annual returns. We maintain accurate records for you, as well as the completed documents on our secure server. Click the button above to get started

Why must you pay your Annual Returns

Companies must file within 30 business days AFTER the anniversary date of its incorporation while close corporations must file within the anniversary MONTH of its incorporation up until the month thereafter (effectively 2 months)

Failure to pay the fee annually causes a penalty fee to be charged by CIPC. Continuous failure to pay your annual returns is an indication that your company is no longer needed and causes CIPC to start deregistration proceedings. It is important to note that CIPC does not allow access to file the returns before the due date.

What happens if I forgot to pay Annual Returns

If you have failed to pay annual returns over a few years, then we will draw a quote for you of outstanding Annual Returns and the fees that are due.

However if you waited too many years, then your company would have been deregistered.
In this case, if it had large assets attached to it, or you are conscious of the registration number date which indicates age of your company, you might choose to restore it. SwiftReg can help you with this, but it takes some time and you will need to pay ALL the annual returns that are outstanding Many clients choose not to restore it, and instead start another company instead, which is faster and cheaper. We can assist you with both options.

What is needed to file an Annual Return

1. Company Details
2. Payment of required fees
3. A financial accountability statement (FAS)

What is a FAS during payment of Annual Returns

All Companies that require an audit must also submit their audited financial statements. The rest of the companies will have to submit a financial accountability statement ( CoR 30.2). This you do by answering a variety of questions about your Accounting Officer and who maintains the books.

What are the fees when you pay an Annual Return

The amount of money a company has to pay to CIPC for its annual returns depends on what type of company it is e.g: CC or (Pty) Ltd (new or old Act) and what the turnover is. The turnover is calculated on the last financial year (not calendar year) so that the CIPC can compare it with SARS for accuracy.

Note: We charge R150 plus the CIPC fees for annual returns.

The table below are the CIPC fees:

Start your Annual Return

Fees under the Close Corporation Act (1984)
Annual Turnover	CIPC Fee
Less than R50m	R 100
Equal or more than R50m	R 4,000
Note: R150 penalty fee for each late submission (30 days after date of registration
Previous Fees under the old Companies Act (1973)
Annual Turnover	CIPC Fee
Less than R10m	R 450
More than R10m but less than R50m	R 2,500
R50m and above	R 4,000
Fees under the new Companies Act (2008)
Annual Turnover	CIPC Fee
Less than R1m (paid within 30 business days)	R 100
Less than R1m (paid after 30 business days)	R 150
R1m but less than R10m (paid within 30 business days)	R 450
R1m but less than R10m (paid after 30 business days)	R 600
R10m but less than R25m (paid within 30 business days)	R 2,000
R10m but less than R25m (paid after 30 business days)	R 2,500
R25m and more (paid within 30 business days)	R 3,000
R25m and more (paid after 30 business days)	R 4,000

 

Note if the annual return became due 1 may 2011 or thereafter the new fee structure must be used