Tax Calendar for S.A. Businesses and Individuals

Tax Calendar for S.A. Businesses and Individuals

A useful tax calendar, outlining important tax dates for South African individuals and businesses.

Whether you pay tax for your business, as an individual or both, it’s all too easy to miss important submission deadlines – and this can result in hefty penalties. To make life simpler, we’ve outlined all the key SARS tax dates.

PROVISIONAL TAX

Individuals who earn income other than fixed monthly salaries and all businesses are required to pay provisional tax.

Provisional taxpayers need to make two payments – one during mid tax season, and one at the end of tax season. They can also make a voluntary third payment if the amounts paid during tax season were insufficient.

IMPORTANT TAX DATES FOR PROVISIONAL TAX PAYERS

DescriptionSubmission dateRequired form
First paymentWithin six months of the start of the year of assessmentIRP6
Second paymentOn or before the last working day of the financial yearIRP6
Voluntary third paymentOn or before 30 SeptemberIRP6
Annual tax returnOn or before 31 January of the following yearITR12

IMPORTANT TAX DATES FOR BUSINESSES

DescriptionSubmission dateRequired form
Payment declaration (for businesses that pay PAYE, SDL, UIF and/or receive ETI)7th day of the following month or the Friday before this if the 7th falls on a weekend or public holidayEMP201
VAT Vendor Declaration FormManual submission: by the 25th of each monthElectronic submission: by the last business day of each monthVAT201
Employee tax certificatesAfter April 1st of the relevant yearIRP5/IT3(a)
Employer reconciliation declaration (annual) for the full year 1 March to 28/29 February.Between 1 April and 31 MayEMP501
Tax certificate cancellation declaration (annual) for the full year 1 March to 28/29 February.By 31 MayEMP601
First payment of corporate income taxWithin six months from the beginning of the year of assessmentN/A
First submission of payment advice for turnover tax with first payment (for micro-businesses)The last business day of AugustTT02
Employer reconciliation declaration (interim) for period 1 March to 31 AugustBetween 1 September and 31 OctoberEMP501
Tax certificate cancellation declaration (interim) for period 1 March to 31 AugustBy 31 OctoberEMP601
Second submission of payment advice for turnover tax with second payment (for micro-businesses)The last business day of FebruaryTT02
Second payment of corporate income taxOn or before the last day of the year of assessmentN/A
Turnover tax return (for micro-businesses)After the end of the tax yearTT03
Final payment of turnover tax (for micro-businesses)After the annual Turnover Tax Return has been submitted and processedN/A
Third payment of corporate income taxSeven months after the year of assessment for taxpayers with February year-end/ six months after year of assessment for all othersN/A
Return of income (for companies and close corporations)Within 12 months from the date on which the company’s financial year endsITR14

NON-PROVISIONAL TAX

Tax season for non-provisional tax payers runs from July to November, with taxpayers making their contributions to SARS monthly via PAYE that’s automatically deducted from their salaries. Non-provisional taxpayers are required to submit only one tax return (ITR12) each year.

NEED A LOAN TO PAY TAXES?

If your business is suffering from cash-flow problems and you need to pay your taxes to avoid significant legal penalties, a short-term asset-based loan from Lamna may be the solution.

With this type of loan, you use a personal asset of value as collateral. Once you’ve repaid the loan and agreed interest, your asset is returned to you in the same condition you left it.

At Lamna, we offer fast, discreet loans against the value of a wide range of assets, from vehicles to luxury watches, jewellery and artwork. For more information about using an asset to secure a short-term loan, contact us on 086 111 2866 or simply complete and submit our online application form.

APR & Loan Repayment Period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

Non-Payment

Non-payments may result in the matters being escalated.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Tax Calendar for S.A. Businesses and Individuals

Apply Online

Hidden

Tax Calendar for S.A. Businesses and Individuals

Apply Online

Hidden

Tax Calendar for S.A. Businesses and Individuals

Apply Online

Tax Calendar for S.A. Businesses and Individuals

Apply Online