In order obtain a tax clearance certificate Sipho must, on behalf of the company, file an income tax return. This means that financial statements need to prepared and a tax calculation must be performed to determine whether the company made a taxable profit or not. A taxable profit means that the company is liable for income tax at 28% (of the taxable profit). Sipho needs to register the company for efiling on the SARS website to file tax returns and make any income tax payments online.
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