CIPC Annual Returns

[TravisZA]

Question on annual returns: I currently have to submit the first annual return for our business registered in August 2014. For the 2015 annual return do I submit turnover to our financial year end in Feb 2015? Or turnover for the 12 months to August 2015?

[BusFact]

Turnover of the previous financial year immediately preceding the date of your annual return. So in your case, the financial year end Feb 15 data.

[AmithS]

Hi,

With the new financial statements requirement for annual returns.

How has the process changed... i.e. do you submit the annual return as normal like before and then file the financial statements part?

and to confirm, annual returns are due 30 days from pty registration date?

[Andromeda]

You are only required to submit financial statements if they have been audited; not independently reviewed or compiled, and you need to upload it as an iXBRL file.

If they are one of the latter then you submit a Financial Accountability Supplement CoR30.2.

Whether you file before or after the annual return depends on whether the "hard stop" is in operation. The system will guide you whichever way.

[AmithS]

You are only required to submit financial statements if they have been audited; not independently reviewed or compiled, and you need to upload it as an iXBRL file.

If they are one of the latter then you submit a Financial Accountability Supplement CoR30.2.

Whether you file before or after the annual return depends on whether the "hard stop" is in operation. The system will guide you whichever way.

Thanks Andromeda, reason I ask is someone I know filed annual returns on the system 3 weeks ago as per the old way and now the company is in the de registration process. So the only thing I can think of is they need to submit the CoR30.2 ?
Is this done online like the annual return?

[Andromeda]

It's the very last item on the transact menu: