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CIPC Annual Returns: How to Avoid Accidental Deregistration

Melinda Zulu 15 November 2024 4 min read

Thousands of South African companies are deregistered every year simply because their annual returns weren't filed on time. Here's how to stay compliant.

Every company registered with the CIPC (Companies and Intellectual Property Commission) must file annual returns. It sounds simple, but thousands of businesses are deregistered each year because owners forget or don't know about this requirement.

What Are Annual Returns?

Annual returns are a yearly filing with the CIPC that confirms your company is still active and trading. They are NOT the same as your tax returns with SARS.

When Are They Due?

  • Private companies (Pty Ltd): Within 30 business days of your company's anniversary date
  • Close corporations (CC): Within 30 business days of your CC's anniversary date

What Happens If You Don't File?

CIPC will first send a compliance notice. If you still don't file, your company will be deregistered. A deregistered company cannot legally trade, open bank accounts, or enter into contracts.

How to Reinstate a Deregistered Company

Reinstatement is possible but expensive and time-consuming. You'll need to apply to CIPC, pay outstanding fees and penalties, and potentially involve a court application if the deregistration was final.

The Cost of Filing

Annual return fees are based on your company's turnover: - R0 – R1 million: R100 - R1 million – R10 million: R450 - R10 million+: R3,000

Our Recommendation

Set a calendar reminder for your company's anniversary date. Better yet, let Solaris Advisory Group manage your CIPC compliance — we'll ensure your annual returns are filed on time, every year, without you having to think about it.

MZ

Melinda Zulu

Business Strategist

The Solaris Advisory Group team specialises in accounting, payroll, tax compliance, and business funding for South African SMEs.