Annual Returns for Close Corporations (CC) in South Africa
Last updated: 2026-03-19
Close Corporations have almost identical annual return obligations to PTY Ltd companies. You must file an annual return with CIPC within 30 business days of your registration anniversary and an ITR14 income tax return with SARS after your financial year-end. The CIPC filing confirms your CC details (members, registered address) and costs R100.
One difference worth noting: CCs file the same CIPC annual return form as PTY Ltd companies on the CIPC e-services portal. Historically, CCs had a separate process, but CIPC now administers both entity types through the same system. Your CC registration number (CK format) remains unchanged.
CCs that have not filed annual returns for two or more consecutive years risk CIPC-initiated deregistration. If your CC has been deregistered due to non-compliance, you can apply for reinstatement by filing all outstanding returns and paying accumulated penalties. Given that CCs cannot be newly registered, losing your CC registration through negligence is particularly unfortunate — you would need to start fresh as a PTY Ltd.
Step-by-Step Process
Check your CC anniversary date
Your annual return is due within 30 business days of your CC registration anniversary. Find this date on your founding statement.
Log into CIPC e-services
Access the CIPC portal, select your CC, and verify that all member and address details are correct.
File the annual return
Submit the annual return online and pay the R100 filing fee.
Prepare and file ITR14
Prepare your CC financial statements and file the ITR14 income tax return with SARS.
File provisional tax returns
Submit two IRP6 provisional tax returns during your financial year.
Key Requirements
- CIPC annual return within 30 business days of anniversary
- ITR14 income tax return filed with SARS
- Two provisional tax returns (IRP6) per financial year
- Annual financial statements (same requirements as PTY Ltd)
- Member details kept current with CIPC
Important Deadlines
- CIPC annual return: within 30 business days of registration anniversary
- ITR14: within 12 months of financial year-end
- Provisional tax: same schedule as PTY Ltd
Fees & Costs
- CIPC annual returnR100
- Late penaltyR100/month
- Accountant fees for annual complianceR3,000–R15,000
Non-Compliance Penalties
- Late CIPC annual return: R100/month penalty
- CIPC deregistration after 2+ years of non-compliance
- Late ITR14: R250–R16,000/month administrative penalty
- Provisional tax penalties: same as PTY Ltd
Frequently Asked Questions
Is the CC annual return process different from a PTY Ltd?
What happens if my CC is deregistered for non-compliance?
Does a CC file the same tax return as a PTY Ltd?
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Tax Obligations for Close Corporations (CC) in South Africa
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BEE Compliance
BEE Compliance for Close Corporations (CC) in South Africa
Financial Statements
Financial Statements for Close Corporations in South Africa
Deregistration
How to Deregister a Close Corporation in South Africa
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