Duration for submission of AFS

By Nicci Courtney-Clarke · Updated

Fouks

Fouks said:
22 March 2016 at 12:19

I have a question, what is the maximum duration which you are given by SARS for submission of annual financial statements after your financial year end? I am asking this question because I was denied a Tax clearance certificate because I have not yet submitted my financial statements. Also, what is the effect thereof i.e. penalties involved?
TaxTim Nicci

TaxTim Nicci said:
22 March 2016 at 15:52

Have you filed your final year end tax return?
Fouks

Fouks said:
23 March 2016 at 8:35

No I have not yet filed my final year end tax return
TaxTim Nicci

TaxTim Nicci said:
23 March 2016 at 9:23

Once you have filed, which can only be at the most 12 months after year end then usually 30 days to submit documents if requested.