Company and Provisional Tax: Your Deadline Is 28 February 2025
28 February 2025 is the last day on which companies can submit their Company Tax Return (ITR14) and provisional taxpayers their Provisional Tax Return (IRP6).
ITR14 Submission
All companies with a February year-end must submit their ITR14 on or before 28 February 2025. The ITR14 must include details about your company’s income, expenses, and tax calculations. Submit correct and accurate information on time and avoid paying penalties and interests.
This deadline applies to all the registered companies, irrespective of size and financial performance. It makes no difference what industry a company is in, or if it is operating at a loss or has not traded.
For information on how to complete the ITR14 form accurately, visit SARSTV on YouTube for a video on how to submit your Income Tax Return on eFiling.
Provisional Tax
A provisional taxpayer is a person or organisation that receives income other than remuneration. Companies registered for Income Tax with a February year-end should pay their Provisional Tax by 28 February 2025.
Provisional Tax is based on the company’s estimated annual income. It is designed to help spread out tax payments and ease the year-end burden.
Submission Channels for IRP6
- eFiling (sarsefiling.co.za): the most efficient way to submit your tax return is through the SARS eFiling platform. You can log in to your account and follow the instructions to complete and submit your return online.
- SARS MobiApp: if you prefer to use a mobile device, download the SARS Mobile App, which is a user-friendly way to file your tax returns.
- Branch appointment eBooking: visit a SARS branch for help to complete and submit your return. Please make an appointment online before you visit a branch.
Note: For more information on Provisional Tax visit the SARS website SARS website
Turnover Tax
Time is fast running out! All companies and individuals eligible for Turnover Tax must register by 28 February 2025. This simplified tax benefits small businesses with a qualifying turnover of less than R1 million. To register for Turnover Tax, download and complete the Turnover Tax application form (TT01) from the SARS website (www.sars.gov.za).
The following channels can be used to submit the Turnover Tax application form (TT01):
- a SARS branch (first make a branch appointment eBooking)
- via email to [email protected].
- Tax Practitioners [email protected].
Important to Remember
- Individuals using their vehicles for business must maintain an accurate logbook to claim business expenses. Keep your logbook up to date until 28 February 2025 for accurate tax declarations.
Top Tips
- Keep records: companies and individuals must keep detailed records of income, expenses, and payments for accurate tax submission. SARS can audit your records at any time.
- Avoid penalties: pay SARS on time to avoid penalties and interest. Watch videos on how to pay SARS using SARS MobiApp and how to pay on eFiling.
For more information, visit the SARS website
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