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The business owners can utilize to revoke the Lapsed standing by filing a J53 and having to pay a penalty rate of K250 and when successful they might proceed to use to resume their business name. The normal renewal fee of K150 will then be relevant.
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Re-registration of Businesses. New laws calls for all firms and overseas providers to re-register With this new online technique. Re-registration is totally free and requires the put on the annual return owing within the calendar year you re-register.
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Alternatively, you’ll should adjust to tax legal guidelines relevant in your form of company, which could involve spending corporate taxes, collecting gross sales tax, withholding income here taxes for workers, and even more. It’s imperative that you consult with that has a tax Qualified to be familiar with the precise tax implications for your business.
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