Learn how to prepare and submit a dormant company tax return on SARS eFiling.
From Friday, 7 December 2018, SARS is going to start issuing non-compliance penalties to companies with outstanding tax returns, including dormant companies.
The penalty range is from R 250 - R 16,000 per month, and the penalty is based on taxable income.
Tax year 2018 = 1 March 2017 - 28 February 2018
Tax year 2019 = 1 March 2018 - 28 February 2019
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Other useful links:
SARS: http://www.sars.gov.za/
SARS eFiling: https://secure.sarsefiling.co.za/