turnaround times
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How to get a tax clearance for your private company
Need to get a tax clearance from SARS for your private company? A tax clearance is usually needed to apply for tenders, or contracts. What does a tax clearance mean? A tax clearance is issued by SARS if the private company’s tax affairs are up to date. This means that all returns have been submitted and all moneys due have been paid. How the process works to obtain a tax clearance from SARS. The charge to obtain a tax clearance is R250. This cost includes gaining access to the eFiling profile, determining whether the private company is compliant, and applying for a tax clearance. If the company is not compliant,…
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Turnaround times
It is very important for business owners to know what the turnaround times are for admin procedures relating to the business. This makes planning easier, and when you want to execute your plans, you know what to expect. It is also very important to note, that due to loadshedding and ongoing labour strikes in South Africa, these systems aren’t always working as it should. Below you will find the official turnaround times as published by the South African government. How long does it take to register a private company with CIPC? The official turnaround time is 2 business days. Read more. How long does it take to register a non…
