Description
Companies are required, by law, to file tax returns, if the tax returns are up-to-date the company can request a letter of good standing from SARS. Companies that do not submit their tax returns are not eligible for letters of good standing.
A letter of good standing is required for various reasons, including but not limited to, applying for a tender, buying property, or doing business with other companies.
A letter of good standing is R5 750.