For foreign businesses tax registrations in South Africa can be time consuming and confusing. For example, registering a new business for VAT can be quite complex because the onus is on the company to prove, by submitting a business plan, that their business will meet required turnover rates.
The Intergate Group provides a one stop service for foreign companies that includes:
- A full analysis of which taxes your company should be registered for;
- Completion of appropriate registration forms and, where required, supporting evidence;
- Vat applications;
- PAYE and SITE registrations.
Which Tax registrations Foreign companies may have to register for:
- The foreign company will have to register with CIPC within 21 days of starting – you can read more on external branches and company structures here.
- Registrations with the Receiver of Revenue:
- As a Provisional Taxpayer;
- As a VAT vendor (where applicable);
- Pay As You Earn (PAYE) income tax on employees;
- Standard Income Tax on Employees;
- Registration with the Cape Metropolitan Council or District Council – Businesses employing staff pay a gross revenue or salary related levy to the CMC;
- Registration with the Department of Labour – where staff are employed there is a mandatory contribution to the Unemployment Insurance Fund (UIF)
Other potential registrations for foreign businesses
- Where dealing in fresh foodstuffs or health matters you will be required to register with the Local Authority;
- Applications where the company is importing goods for import duties;
- Registration as an exporter where applicable.