The Tax Calendar by SARS ensures to keep you (Taxpayers) in the loop of important deadlines that need to be completed ASAP.
The Calendar applies for:
- Individual taxpayers
- Employers (PAYE)
- Small Companies
For Individual taxpayers – SARS Tax Season for non-provisional taxpayers runs from July to November, whereas provisional taxpayers have until the end of January to file via eFiling.
The filing and payment by individuals of provisional tax (IRP6’s) are on the 31st of August which is the first period and 28th of February which is the 2nd period and 30th of September which is the 3rd Period.
For Employers (PAYE) – When you are a business owner and are required to register for PAYE (Pay-As-You-Earn), on a monthly basis the EMP201 must be submitted. This can be submitted on the 7th or to the Friday before the 7th if it falls on a public holiday or weekend.
The Interim for the period of 1 March to 31 August and the EMP501 reconciliations runs from 1 September to 31 October.
Finally, the annual Employers Tax Season runs from the 1st of April to 31st of May
For Companies – The Tax season for companies, this includes the CC’s (Close Corporation), Cooperatives, and body corporates are required to submit a return of income (IT14) within 12 months from the date of their financial year-end.
The filing and payment by companies of Provisional Tax (IRP6’s) are in 6 months after (1st period) and at financial year-end (2nd period) and 6 months after financial year-end. (3rd period)
For Vendors – The VAT submission for vendors can be done manually, and payments must be done by 25th of each month and the VAT cycle may be different for vendors.
Submissions and payments of the VAT201 must be done by the last business day of each month
For Small Companies – For Small Businesses that registered for turnover tax, it will be levied on a yearly basis and runs from the beginning of March to the end of February of the following year, and this will include two six-monthly interim payments.