Information

Income Tax Registration

Personal Income Tax Registration

If you earn a more than a specific amount which is determined every year by Parliament, you are liable to register for Personal Income Tax.

Company Income Tax Registration

Once a CC/Company is registered, it is liable to be registered for Income Tax within 60 days of CC/Company registration.

Who is it for?

CIT is applicable (but not limited) to the following businesses which are liable under the Income Tax Act, 1962 for the payment of tax on all income received by or accrued to them within a financial year:

• Listed public companies
• Unlisted public companies
• Private Companies
• Close Corporations
• Co-operatives
• Collective Investment Schemes
• Small Business Corporation (s12E)
• Body Corporates
• Share Block Companies
• Dormant Companies
• Public Benefit Companies


Requirements

Personal Income Tax

In order to register for personal income tax, the following documents and information is required:

• Certified ID copy
• Proof of Address
• Original letter from bank confirming banking details stamped by the bank
• Proof of income (e.g. salary/pay slip)
• Power of Attorney which gives us the authority to apply for Personal Income Tax on your behalf (which will be sent to you via email once the order is placed).

Company Income Tax Registration

Once a CC/Company is registered, it is liable to be registered for Income Tax within 60 days of CC/Company registration.

In order to register for Income Tax, the following documents and information is required:

• CC/Company Documents
• Members/Directors certified ID copies along with proof of address of one of the members/directors
• Original letter from bank confirming banking details of the CC/Company stamped by the bank
• Proof of Address of the CC/Company. It can even be same as the residential address of one of the members/directors, if you don’t have a separate business premises for now or if you trade from home.
• Power of Attorney which gives us the authority to apply for Income Tax on your behalf (which will be sent to you via email once the order is placed).

 


Process

Personal Income Tax Registration

This Personal Income Tax Registration process takes 2-5 business days. However if there are delays with SARS due to system errors and workload, the process could take longer.

Once the Personal Income Tax Registration is complete, you will receive proof of Personal Income Tax registration.

Company Income Tax Registration

This Income Tax Registration process takes 2-5 business days. However if there are delays with SARS due to system errors and workload, the process could take longer.

Once the Income Tax Registration is complete, you will receive proof of Income Tax registration.

 


Get Started

To get started with your Income Tax Registration Application:

Email sales@eBucket.co.za the above required documents

R499 per registration