Income tax is collected in South Africa by the South African Revenue Service (SARS). Public goods like healthcare are partially funded by this money. With specific exemptions and permissible deductions, South African income tax is imposed on the global income of its citizens, with suitable relief provided to prevent double taxation for some foreigners.
Read this article to get further details on the South African tax deadline.
South Africa Tax Deadline 2024
An individual’s tax year begins on March 1 and ends on February 28 or 29 of the following year. You must register as a provisional taxpayer and pay your taxes in accordance with your income source. The deadline for filing taxes in South Africa is the day on which taxpayers must finish and send their returns to the South African Revenue Service (SARS).
South Africa Tax Deadline Overview
| Post Title | South Africa Tax Deadline 2024 |
| Country | South Africa |
| Tax Paid to | South African Revenue Service (SARS) |
| Tax Deadline | February 29, 2024. |
| Tax Form Name | Form ITR12 |
What Is The Last Date To File Taxes In South Africa?
Those with taxable income over the tax threshold or those who get ZAR 30,000 or more in income each year from sources other than compensation are regarded as provisional taxpayers. They must submit provisional tax payments every year on August 31st (first payment), February 28th (second payment), and September 30th (third payment).
A person (resident or non-resident) is exempt from filing a tax return (subject to certain criteria) if their total income for a tax year is less than ZAR 500,000.
Provisional taxpayers would have already filed their first provisional tax payment for the 2023–2024 tax year, when half of the expected tax for the entire year was due By August 31, 2023. The second tax payment is required by February 29, 2024.
How To File Taxes In South Africa?
Form ITR12 is the name of the South African individual income tax return. Your bank statements, tax number, employee tax certificate (IRP5/IT3a), and details on all kinds of income and allowances/deductions you are reporting on the form are needed. To file taxes in South Africa, register and obtain a SARS income tax number.
Upon obtaining your SARS income tax number, you can either file your tax return online or on paper. A physical copy of the form is available at your neighborhood SARS office. Registering for eFiling is a prerequisite for completing an online tax return in South Africa.
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