What does it cost to de-register a company?
The only way to stop SARS’ monthly penalties for non-submission of your dormant company’s tax returns is to do the returns or de-register the company at CIPC then at SARS.
The first step is de-registration at CIPC and there are two cost options –
1) Simply stop submitting Annual CIPC returns and wait for CIPC to de-register the company. This can take between two and five years, but there’s no cost. Of course, if you don’t do the Annual Tax Returns the monthly penalties will pile up dramatically.
2) We can apply to CIPC to de-register the company. If the compny has never traded, the cost, including outstanding tax returns, is currently R2 500, but you’ll have to pay any SARS penalties that have accumulated as we need a Tax Clearance to complete the job.
3) If the company traded at some time and those tax returns have not been submitted. Now the fee jumps to R10 500 and that includes a reasonable amount of outstanding bookkeeping and tax returns.
4) Once the company is de-registered at CIPC you need to make it dormant at SARS. The cost is currently R3 500
5) And finally, you may have to de-register it as an employer, R4 500 and as a VAT vendor R8 220
Unfortunately, with SARS aggressive application of penalties, it’s probably best to bite the bullet and go through the de-regstration process.
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Good day i would like to deregister this company. They have wrongfully used the company .I have left Tulbagh in 2024.I have spoken to my partner .She said that she was not using the company at all. The only directors on the company was ,myself and Azza Van wyk.
Hi Olivia,
The company has been finally deregistered at CIPC. You only problem will be with SARS because it is still active as a taxpayer and may have been hit with Administrative Penalties for non submission of annual tax returns. I will see what I can find out. Whoever is the representative will receive my request to release the efiling profile to us. Only then will I be able to see the situation at SARS.
I would like to deregister my company I do not have outstanding fees from standard Bank how is the process
Hi Masego,
Your company already has two Annual CIPC returns overdue, so is again close to being deregistered by CIPC. You can safely leave CIPC to deregister it in due course.
Your problem may be with SARS as they are hitting companies with penalties of R250 per month for every outstanding tax return. I cannot check because the efiling profile is with someone else and you have not been appointed as the Registered Representative at SARS. If you want us to check SARS out, then please send me an email to derek@harbourassociates.co.za . Make sure that the email has the company name and a reminder of this comment.
Hi I had a partner in my business and she setup our pty
Few months later I decided to split from her but I’m the only director of the company but don’t have online access to the pty
How can I take control of this and change the company name ?
And prevent her from conducting business on my name
Thank you
Hi Danie, You are the sole director, so you have control of the company. You need to issue the shares and manage the tax and CIPC affairs of the company. Name change is a simple matter.
We can deal with this via email derek@harbourassociates.co.za You need to send me the name and registration number of the company (if you have it). Or, better still, book a Zoom meeting https://harbourassociates.youcanbook.me/ There’s never a charge for meetings.