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You will be charged Administrative Penalty (Admin Penalty) by SARS. This is a penalty levied under Section 210 of the Tax Administration Act (TAA).
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Your business’ financial management is just as important (if not, more so) as the value your company offers to the market.
All companies (including external companies) and close corporations are required by law to lodge their Annual Returns with CIPC within a certain period of time every year.
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