We ask that our tax clients to pay close attention to the deadlines, not only the SARS deadlines for returns but also the dates that you need to provide us with the relevant information.
2023 end year tax returns refer to the calendar year 1 March 2022 - 28 February 2023.
Non Provisional Taxpayers
YOUR 2023 END YEAR TAX DEADLINE is fast approaching and before you know it the year has gone past.
We would like to get taxpayers of this nature submitted as soon as we have all the information and request that everything be supplied to us no later than 19 September 2023 to ensure that we have sufficient time to submit your return.
Provisional Taxpayers, Companies & Trusts
You are the lucky bunch with TWO deadlines coming up
YOUR 2024 1st PERIOD PROVISIONAL TAX DEADLINE:
The return needs to be submitted before end August & we ask that these tax clients supply us with their relevant information no later than 31 July 2023 to ensure that 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.
Individuals & Trusts
YOUR 2023 END YEAR TAX DEADLINE might only be due in the new year but we ask that you provide us with the required information & documents no later than 13 November 2023
To ensure that we have your information well ahead of time and that you can have 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 2022 to 28 February 2023).
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 2024 or 12 months after the company 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 28 November 2023.
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.