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Taxes for a dormant company



LAN said:
22 August 2015 at 11:44

Sometime last year I registered a company, but it has basically been dormant and I only pay the -R60 into my FNB business account every month to cover the fees (and keep my balance in the black). Instead I have just been doing business in my personal capacity and paying personal income tax (and provisional tax of course). I am unsure about about the rules governing companies, do I still need to submit any forms to SARS (or anybody else for that matter)?

TaxTim Marc TaxTim Marc said:
24 August 2015 at 7:36

Yes you will have to submit a tax return to SARS as well as Provisional Returns. What is the year end of the company?

LAN said:
1 September 2015 at 15:03

From what I have read on the CIPC website, if I miss two tax returns in a row then the company will automatically be deregistered. I'm just going to go that route since I don't really need it anymore.

TaxTim Marc TaxTim Marc said:
3 September 2015 at 12:06

That is correct, you can let the company de-registered like that, but you would still need to notify SARS of this.

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