Manual applications can be requested by employers by phone, fax, email, by visiting a branch or by posting a request to SARS. It should be submitted to a local SARS office in person by one of the following: The application should be submitted no later than 21 days from the incorporation.
With the application you must present the original document from a bank that proves the existence of a bank account. Also, the applicant must have a copy of their passport or ID. Additional papers include a recent copy of the business municipal account, as well as a recent copy of the residential municipal account of the individual, partner or authorized representative. You should present copies of bank statements for the past three months. Those should not be older than one month prior to registration.
You will be asked for copies of a source of financial information in order to determine the value of taxable supplies. Cash flow projections are not accepted!
In some cases you may be also asked for: A letter of authorization in the cases where a registered Tax Practitioner is filing the application.
The size of the deduction is calculated with the use of tables issued by the SARS. It is determined at the end of the tax year and usually represents only a portion of tax deduction. PAYE tax is determined after calculating the SITE portion and extracting all other employee taxes which are not included in the net remuneration. It is payed weekly, twice a month or monthly. Register with the Department of Labor for Unemployment Insurance.
One of the final steps of registering a company in South Africa is registration with the Department of Labor for unemployment insurance. Registration is completed with the completion of U18 and U19 application forms. When the application is approved, the Department of Labour will issue a reference number.
In order for this registration to be completed you need to complete a W. You will receive a written notification after your application is examined. Any annual income earned from supplying goods or services which exceeds R1million should be registered for VAT. South Africa - Business South Africa.
Further reading Business in South Africa: Types of business structures Registering a company in South Africa: Intellectual property commission Funding a business in South Africa: Company regulations, permits and funding Business culture in South Africa: Your message has been sent.More...