Categories
COMPANY

How to file an annual return with AFS

As of 1 July 2018 CIPC has mandated that all qualifying entities submit their Annual Financial Statements to the registrar in XBRL format.

As of 1 July 2018 CIPC has mandated that all qualifying entities should submit their Annual Financial Statements to the registrar in XBRL format. With InfoDocs you can manage and submit all your annual returns from one place.

If you do not have an account yet, register here and add a company to your profile. Choose the company you would like to submit an annual return for and on the right-hand side of the dashboard click File Annual Return. This will give you two options to select from, either Submit Annual Return with FAS or Submit Annual Return with AFS. If you are unsure which one applies, read this article and follow the corresponding steps below.

File Annual Return
Submit with Annual Financial Statement (AFS):

When you have selected Submit Annual Return with AFS click Next. A window will pop up to ask you to fill in the turnover (total sales) for the year and the audit type. Click Choose File to upload the XBRL formatted AFS (“iXBRL”) and click Upload. Once it has successfully uploaded click Next.

File Annual Return

Fill in the company details and SIC Code and click Next.

Calculate Fees

A summary window will pop up to give you a break down of your fees. This will be made up of:

  • Your annual return fee to CIPC (based on your turnover as per below table)
  • Any penalties due to late submission
  • A small submission fee of R50
Annual TurnoverFiling within 30 business days after anniversary dateFiling more than 30 days after the anniversary date
Less than R1 millionR100R150
R1 million but less than R10 millionR450R500
R10 million but less than R25 millionR2000R2500
R25 million or moreR3000R4000
Re-Instatement Application (Form CoR40.5)R200
Annual Return Fees

Choose your payment method and click Submit to CIPC.

Success!

You have successfully submitted your annual return, we send you a confirmation certificate when it is finalized with CIPC.

Leave a Reply

Your email address will not be published. Required fields are marked *