PLEASE READ THIS IMPORTANT SECTION
With effect from 01 July 2018, all entities are required to submit their Annual Financial Statements or a Financial Accountability Supplement (CoR30.2) using an XBLR tagging program.
All companies required to submit Annual Financial Statements to CIPC according to the Companies Act, will be required to convert and submit their last approved Annual Financial Statements in XBRL.
Kilgetty is able to assist all Companies with the filing of the CIPC annual return and converting the AFS to the iXBRL format as we have partnered with one of the approved CIPC software providers that meet the CIPC requirements. The AFS can be converted from Word, Excel or PDF saved format. It is not possible to convert a signed/scanned PDF document.
HOW DO I KNOW IF I MUST SUBMIT FINANCIALS TO CIPC IN XBRL?
It is mandatory for ANY Company or Close Corporation to submit Annual Financial Statements to CIPC in XBRL if any one of the following criteria applies:
How to calculate the Public Interest Score (PIS) of a company or close corporation
CIPC COMPLIANCE CHECKLIST
In addition to filing the annual return, the CIPC has introduced a new requirement for companies to declare its compliance status in the form of a Compliance Checklist. The Compliance Checklist requires a company to confirm its compliance with a number of sections of the Companies Act, No.71 of 2008, as amended, (the “Companies Act”).
This requirement is mandatory and effective from 1st January 2020.
The Compliance Checklist is outlined on Annexure A. Please complete Annexure A: Compliance Checklist should you require Kilgetty to submit the Compliance Checklist to the CIPC on behalf of your company.
COMPANY FEE TABLE: USE THIS TABLE TO DETERMINE VALUE FOR ANNUAL RETURN PAYABLE TO CIPC
FINANCIAL ACCOUNTABILITY SUPPLEMENT
FAS-1: The person primarily responsible for recording day-to-day financial transactions and maintaining the company's financial records. Note if this person is not a SA citizen, we will require a copy of their passport.
FAS-2: The person primarily responsible for compiling financial information and preparing reports or statements. Note if this person is not a SA citizen, we will require a copy of their passport.
FAS-3: The person, if any, who provides advice to the company concerning the maintenance of financial records, is:
FAS-4: The name, recognised profession and practice number of person performing Independent Review of Annual Financial Statements, if applicable:
For conversion purposes, we require the unsigned Annual Financial Statements in PDF Text Format (draft version) and the signed approved PDF version (SCANNED COPIES CANNOT BE CONVERTED)
The conversion costs are as follows:
The above mentioned fees in Section C, do not include VAT.
I authorise Kilgetty Statutory Services (Pty) Ltd (2005/011610/07):
I certify that the information declared above is true and correct.