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What is income tax?
Income tax is calculated on the gross profit of a company and is due within one year of your companies financial year end.
If your financial year ends in February then you will have up to February next year to submit your income tax to SARS.
Provisional Tax Deadlines
Provisional tax is the submission of your estimated income tax and the provisional tax payments are deducted off your income tax submission.
Duedates:
31 August 2024 & 28 February 2025
Income Tax Deadline
If your financial year ends on 29/02/2024 then your income tax must be submitted to SARS before 28/02/2025.
Failing to submit your return will result in admin penalites and interest.