Can we decide what month we will have a year end close on?



Simple question, but I need to know. SARS advised me that a Company I registered will have to submit VAT returns every second month, but on the odd month, eg. March, May, July and so on. Can I then for no other reason make the year end March and not at the end of February?

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TaxTim TaxTim says:
30 June 2013 at 23:13

You can change the year end of your company with CIPC if you need to in order to align with SARS.




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