We ask our tax clients to pay close attention to upcoming deadlines, not only the SARS deadlines for returns but also the dates by which you need to provide us with the relevant information.
2024 year-end tax returns refer to the year from 1 March 2023 - 29 February 2024.
Provisional Taxpayers, Companies & Trusts
You are the lucky ones with TWO deadlines coming up.
YOUR 2025 FIRST-PERIOD PROVISIONAL TAX DEADLINE
The return needs to be submitted before the end of August and we ask these clients supply us with their relevant information no later than 5 August 2024 to ensure we have sufficient time to submit your return.
This information includes but is not limited to:
Latest pay slip, interest earned or any capital gains transactions, medical aid and retirement annuity contributions, and travel details.
Non-Provisional Taxpayers
YOUR 2024 END-YEAR TAX DEADLINE is fast approaching. Before you know, the year has gone past!
We would like to submit the returns from these taxpayers as soon as we have all the information. We therefore request that everything be supplied to us no later than 2 September 2024 to ensure that we have sufficient time to submit your return.
Individuals & Trusts
YOUR 2024 END-YEAR TAX DEADLINE may only be due in the new year, but we ask that you provide us with the required information & documents no later than 14 October 2024.
This is to ensure we have your information well ahead of time and you can enjoy a relaxing December period, allowing us sufficient time to submit before the deadline.
Information included but not limited:
Supporting documents such as IRP5s, IT3s, medical aid and retirement annuity contribution certificates, and travel logbooks.
The figures you provided on the provisional tax return that was submitted in February should contain most of your income and expenses for the period (being 1 March 2023 to 29 February 2024). This means that you only need to review these figures, correct any estimates to actual amounts and check that all amounts have been included.
Company End-Year Tax Returns
The deadline for most companies is 28 February 2025 or 12 months after the company's financial year end, if not February.
If you have your company financials, please send them as soon as possible.
Please assist by sending the signed financials by 14 October 2024.
For a full list of documents and information that may apply to you, please view the document checklists.
Various templates, including the declaration we require, can be found on our website, which you can easily access using this link.
Please note that we cannot proceed with new returns if there is an outstanding invoice.
NOTE: Returns filed late are immediately penalised by SARS and can be as much as R16,000.00 per month.
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