Small Business & Tax

Avoid costly penalties, interest and possible criminal charges.
Ensure that you and your business are tax compliant.

Tax Calendar For Small Business

Note that all submissions and payments should be made to SARS before 4pm of the last business day on or before the deadlines listed below.

 VALUE ADDED TAX

VAT (VAT201)      File VAT 201 by 25th day after the end of each tax period
Payments by last day of the month after the end of each tax period 

 EMPLOYEES’ TAX

Employees’ Tax (PAYE, SDL, UIF and ETI) declaration (EMP201)The 7th day after the end of the month in which the amount was deducted
Employers reconciliation declaration (EMP501 incl. IRP5/IT3a certificates)Interim period – for the transaction period 1 March to 31 August – due by end of October
 Annual period – for the full tax period 1 March to 28/29 February – due end of May

 INCOME TAX

First payment of Provisional Tax (IRP6)The end of the sixth month of the financial year under assessment
Second payment of Provisional Tax (IRP6)The end of the financial year under assessment
Third / Top-up payment of Provisional Tax (no return – payment only)The end of the seventh month after the financial year under assessment for taxpayers with February year-end OR sixth month after financial year under assessment for all others
Income Tax Return (ITR14)Within twelve months from the financial year-end under assessment

 TURNOVER TAX

First payment of Turnover Tax (TT02)End of August
Second payment of Turnover Tax (TT02)End of February
Final payment of Turnover Tax (no return – payment only)After the annual Turnover Tax Return has been submitted and processed
Turnover Tax Return (TT03)After the tax year under assessment, in line with the submission of the annual income tax returns, between 1 July and 31 January of the following year
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