SARS Tax Clearance Pin
Need To file Your Business Annual Returns? We Got You Covered.
“The issuing of the printed Tax Clearance Certificate (TCC) was stopped from 2 November 2019. Since the new Tax Compliance Status (TCS) system in 2015, we advised that the printed TCC will be stopped at a future date. All TCCs currently in circulation will be cancelled. The TCS PIN enables you to authorise any third party (an organisation or government) to view your status online via eFiling. It will present your overall tax compliance status at the date and time of viewing it. To protect taxpayer confidentiality, no other info will be accessible to a third party.” – SARS
Tax clearance Pin Certificate is a document issued by SARS that confirm that your tax affairs are all in order with the SARS is valid for 1 year from date of issue.
TAX CLEARANCE SERVICES
- Tender
- Good standing
When To Submit Your Company Return
In South Africa, companies are required to submit their annual returns within 30 business days from the anniversary date of their incorporation or registration. This means that if a company was registered on 1st January, for example, their annual return would be due 30 business days from that date in the following year.
It’s important to note that failure to submit annual returns on time can result in penalties and other consequences, including deregistration. Therefore, it’s recommended that companies keep track of their annual return due date and submit their returns well before the deadline to avoid any issues
A Tax Clearance Certificate is needed when you need to prove that you are a taxpayer. A TCC may be required for any of the following reasons:
- Tenders or Bid Applications
- Good Standing – proving that the applicant is tax compliant
- Foreign Investment Allowance (FIA)
- Emigration.
SARS (South African Revenue Service) requires all companies to file annual returns, including SARS annual returns for companies, within a specific period. This process is mandatory for all registered businesses, whether they are profitable or not. The annual returns provide valuable information about a company’s financial activities, including income, expenses, and taxes paid.
To facilitate the process, SARS offers an online platform that allows companies to upload documents and submit their annual returns. This platform provides a convenient way to submit the required information without having to visit a SARS office physically.
To get started with the process, companies must register with SARS online services and create a profile. They can then log in and follow the prompts to upload the necessary documents and submit their annual returns. The SARS online platform provides a step-by-step guide to ensure that the process is completed accurately and efficiently.
It’s important to note that SARS has strict deadlines for submitting annual returns, and late submissions can result in penalties and other consequences. Therefore, companies must keep track of their annual return due date and submit their returns on time using the SARS online services upload documents feature.
In conclusion, SARS annual returns for companies are an essential aspect of business compliance in South Africa. By using the SARS online services upload documents feature, companies can simplify the process and avoid any penalties associated with late submissions.
