CIPC – Why you have to pay annual fees

    All private companies and non profit companies have to pay annual fees to CIPC. These fees are payable in the anniversary month of the company. Failure to do so will result in the company being deregistered. The status of the company will first change to “In deregestration process”, and then to “Final deregistration” These fees are payable even if your company is dormant and has not traded. The status of all companies are also directly linked to SARS, and any changes will immediately be reflected. In the event that your company is deregistered, the tax status will also change to deregistered. Also, all the tax returns will still show as…

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