Nova says: 15 January 2016 at 8:45 I registered a private company and got my tax clearance done around this time last year and for the past 12 months the company has not made any income. How do I go about renewing my company's tax clearance and is it possible to do it online? |
TaxTim says: 15 January 2016 at 13:10 Who applied for the TCC last year? Who manages the taxes of the company? |
Nova says: 18 January 2016 at 8:07 A company registration organisation applied for tax clearance last year on my behalf, along with the company's registration. The company has no employees at the moment so I manage everything. |
TaxTim says: 18 January 2016 at 9:51 Have you submitted all the tax returns to ensure you are fully compliant with SARS? You can apply for a TCC on SARS eFiling under the Services Tab. |
Nova says: 18 January 2016 at 16:40 No I haven't. I was under the impression that companies that don't earn an income for 12 months don't need to file tax returns for that financial year. |
TaxTim says: 18 January 2016 at 19:33 You still need to file a nil tax return regardless of your income level. |