Company Registration Information & Annual Responsibilities

 

Congratulations!

Your company has now been successfully registered with the Companies and Intellectual Property Commission (CIPC), and a SARS Income Tax Reference Number should have been issued and sent to you.

This is an important milestone in building your business.

Important Notice

Arrero assisted you with the company registration process only.

From this point onward, you, as the company director, are responsible for ensuring that your company complies with all legal and statutory requirements.

Arrero is not responsible for the ongoing administration, compliance, tax submissions, penalties, or annual filings relating to your company.

Your Ongoing Responsibilities

As the company director, you are responsible for:

1. CIPC Annual Returns

Your company must submit Annual Returns to CIPC every year before the due date, this is normally every 12 months and costs around R150 for the year and will be due in 12 months from now.  These charges may change. Check on the CIPC website for latest pricing.

Failure to submit Annual Returns may result in:

  • Penalty fees
  • Your company being placed into deregistration
  • Additional reinstatement costs if deregistered

2. SARS Tax Compliance

Your company has been allocated an Income Tax Reference Number.

You are responsible for ensuring that:

  • All required tax returns are submitted on time.
  • You comply with SARS requirements.
  • Any taxes due are paid by the applicable deadlines.

Even if your company has not traded, SARS may still require certain returns to be submitted.

3. VAT Registration (If Applicable)

VAT registration is not automatic.

You may only register for VAT at a later stage if you meet SARS requirements or voluntarily choose to register where permitted.

4. PAYE / UIF / SDL (If You Employ Staff)

If you employ staff at a later stage, you may be required to register for:

  • PAYE
  • UIF
  • Skills Development Levy (SDL)

These registrations and submissions remain your responsibility.

5. Record Keeping

It is recommended that you keep accurate records of:

  • Sales
  • Expenses
  • Bank statements
  • Invoices
  • Receipts
  • Payroll records (if applicable)

These records may be required by SARS.

6. Banking

You are responsible for opening and maintaining your company’s business bank account (if required by your chosen bank).

7. Changes to Company Information

Any future changes such as:

  • Directors
  • Company address
  • Company name
  • Shareholders
  • Contact details

must be updated with CIPC where applicable.

We Recommend

As your business grows, consider working with:

  • A registered accountant
  • A tax practitioner
  • A bookkeeper

They can assist you with ongoing compliance and ensure that your statutory obligations are met.

Disclaimer

Arrero’s assistance was limited to facilitating the company registration process.

Arrero does not provide accounting, tax, bookkeeping, auditing, legal, or ongoing company secretarial services unless agreed to separately in writing.

The company director remains solely responsible for ensuring compliance with all CIPC, SARS, and any other applicable South African legislation and regulatory requirements.

We wish you every success as you build and grow your business.