CIPC implements revised online return filing system
The Companies and Intellectual Properties Commission (CIPC) has successfully implemented its revised online Annual Return Filing System after shutting down the Annual Return e-lodgment functionality for a month to effect substantial programming changes.
This is one of several initiatives that the CIPC is rolling out to improve efficiencies and encourage electronic transacting by end-users.
Companies and close corporations are, by law, required to file their returns with the CIPC on a yearly basis to confirm that it is still in business and trading.
“We used to receive between 1 500 and 2 000 electronic annual return lodgments a day, but within the first 24 hours of the new functionality going live on August 5, over 8 000 annual returns were successfully lodged,” the CIPC said in a statement on Tuesday.
By August 12, over 31 000 annual returns had been successfully lodged.
However, the commission has acknowledged that there were minor teething problems with the new system that were currently being dealt with.
“A few annual return filings are reflecting as unpaid when they are paid. We are aware of this data issue challenge and are working on it,” the organisation said.
While penalties for late filing were waived during the period of downtime, the CIPC reminded companies that had been due to file in July, to file on or before September 30, as penalties would apply thereafter.
Annual return fees were calculated based on the business’s turnover.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
