Avoid Penalties: Key SARS Deadlines SMEs Can’t Miss

Provisional Tax (IRP6): Twice a Year

If you’re a provisional taxpayer—like a sole proprietor, freelancer, or business owner—you must submit and pay:

• First Payment: End of August
• Second Payment: End of February

Missing these can lead to interest charges on underestimated tax and penalties for late payment.

VAT Returns (VAT201): Bi-Monthly or Monthly

If your business is VAT-registered, you must file your VAT201 returns either:

• Every 2 months (most common), or
• Monthly (for high turnover businesses)

Returns are due by the 25th of the month following the end of the period—unless you’re using eFiling, then it’s the end of the month.

PAYE Submissions: EMP201 and EMP501

For SMEs with employees, these are must-dos:

• EMP201: Monthly PAYE submission and payment due by the 7th of the following month
• EMP501: Bi-annual employer reconciliation (April–August and March–February) due by:
  • May (for interim)
  • October (for annual)

Late submissions can delay your employees’ tax certificates and attract penalties.

Annual Tax Return (ITR14 / ITR12): Once a Year

Depending on your entity:

• Companies and CCs: Must submit an ITR14
• Individuals / Sole Proprietors: Must submit an ITR12

Deadlines vary depending on SARS announcements but generally fall between July and November.

Tax Clearance Certificate Updates

SMEs often need a valid tax clearance certificate for:

• Tenders and funding applications
• Business licenses
• Good standing with clients

Keep your compliance up to date—missed deadlines can block access to these opportunities.

How to Stay on Top of It All

• Use a tax calendar
• Set automated reminders
• Work with a reliable accountant

At SG&CO, we help SMEs stay ahead of all SARS deadlines, so you never get caught out by an unexpected penalty or submission.