When it comes to SARS, unfortunately, the excuse, “the dog ate my taxes” doesn’t cut it. And unfortunately, when it comes to taxes, there are so many ifs and buts and confusions that you never quite know when the deadlines are and which you need to remember. So, we’ve rounded them all up, here are all the tax deadlines you need to know as an individual and a business.
Individual tax deadlines
There are two types of individual taxpayers: provisional and non-provisional. A non-provisional taxpayer submits one tax return per year, while a provisional taxpayer submits three tax returns per financial year.
Provisional tax deadlines
The following dates are based on a financial year starting in March.
- 31 August: the first return submission is due 6 months after the start of the year of assessment
- 28/29 February: the second return is due on the last day of the year of assessment
- February the following year: the final submission is due in February, this is the same deadline for all individual taxpayers
Non-provisional tax deadlines
The following dates are based on the 2020 submission dates.
- 1 July – 16 November: this deadline is for those submitting online via the eFiling portal
- 1 September – 22 October: this is for those who submit at a SARS branch by appointment
Corporate tax deadlines
With corporate tax, all companies are provisional taxpayers and are required to submit two provisional returns and one income tax return.
- The first provisional return deadline is 6 months after the end of the company’s tax year
- The second provisional deadline is 12 months after the end of the company’s tax year
- The income tax return deadline is 12 months after the end of the company’s tax year
Mark these dates in your calendar inside a red circle so you’ll always remember to submit your tax return on time!
If you have any questions, need help understanding the ins and outs of tax, or are looking to have someone else handle your taxes entirely, contact us at email@example.com, via our website, or on social media.