Financial Strategy

Monthly

• EMP201 – 7th of the following month or the Friday* before that day if the 7th falls on a weekend or public holiday

Interim

• For period 1 March to 31 August
• Employers Tax Season for EMP501 reconciliations 1 September to 31 October

Annual

• Period 1 March to 28 February
• Annual Employers Tax Season 31 May Period 1 April to 31 May

Tax Season

• Companies, including CC’s, Co‐operatives and Body Corporates,
• Required to submit a Return of Income: Companies and Close Corporations (ITR14)
• Within 12 months from the date on which their financial year ends.

Provisional Tax

• The filing and payment by companies of provisional tax (IRP6’s)
• 6 months after year end (1st period), At financial year end (2nd period) and Six months after the financial year end (3rd period)

VAT
Manual

• Submission of the VAT201 and payment must be done by the 25th of the month. It should be noted that each vendor may be on a different VAT cycle

Electronic (eFiling)

• Submission and payment of the VAT201 must be done by the last business day of the month

Small businesses which fall into one of the categories above (CC, Co-operatives) must follow the schedule outlined above:

• Turnover tax

Small businesses which are registered for Turnover Tax must follow the schedule below:

• Turnover tax will be levied annually on a year of assessment that runs from the beginning of March of the one year to the end of February of the following year. It will include two six-monthly interim (provisional) payments.