Dormant company and SARS

[Gavindiesel]

Hey smart people ... please can you help???

I registered a company with CIPC back in 2015.
The company has never been used, never traded, no assets, no bank account.
I've kept up to date on CIPC, submitting a 'nil' return each year.

I was thinking about deregistering - ...but I just read that I'm supposed to have been submitting returns to SARS, even though there's never been a transaction. (I've never submitted anything to SARS for the company)

I've been reading there are all manner of compounding fines I might be subjected to (I've also however read that a company with a gross income under R1000 p/a doesnt need to submit) ...I dont know what to do?
Should I try and 'back' submit 'nil' annual returns with SARS to get a clearance certificate? (So i can deregister the company)... but then start trying to dodge the inevitable fines and penalties?
...or just stop the upkeep at CIPC so it deregisters (in a couple of years)

...help?? I'm really not a business person, and I'd really appreciate som advise from the hive mind - thanks all!!

 

[PaulGherkin]

Of course you're supposed to submit tax returns. Even if dormant.
You need to submit provisional tax returns. You need to fix this before long.
I bet you got an SMS from SARS recently.

I've been in this situation before, and it cost me a bit of money to rectify it but all good with SARS these days. I decided instead of de-registering to actually make a go for it