Company de-registration. De-registration cost

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…