If a Close Corporation does not need to be audited, do we need to submit a CoR30.2?

Submission requirements depend on your Public Interest (PI) score and company regulations. SAAA's technical resource centre provides comprehensive documentation on independent reviews and CoR30.2 filing frameworks.

Is there a contradiction between the timeframe of submission of voluntary audited annual financial statements for a close corporation?

Section 58(1) of the Close Corporations Act outlines specific parameters regarding whether financial statements must be completed within 6 or 9 months. SAAA provides expert legal compliance resources to clarify these close corporation deadlines.

SARS issues notice re 2021 tax returns

17 May 2021
South African Accounting Academy

The schedule to the government gazette notice sets out the following:

General, including the meaning of:
1. 2021 year of assessment, and
2. Income tax return
Persons who must submit an income tax return
Persons not required to submit an income tax return
Periods within which income tax returns must be furnished
Form of income tax returns to be submitted
Manner of submission of income tax returns

Click here to download the Gazette notice:

https://www.gov.za/sites/default/files/gcis_document/202105/44571gon419.pdf

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