Procon Business Consultants  

No, a tax number is automatically allocated to every new company upon registration. You will receive an SMS from SARS containing your tax registration details.

Companies are required to file annual returns within 30 business days after the anniversary date of its incorporation.

Companies in South Africa are currently taxed at 28% of the profit. However assessed losses from prior years will be taken into account in determining the tax liability for a particular year end. You will need a qualified accountant to help you prepare a Tax computation inorder to calculate exactly how much tax you will be paying.