07/02/2023
This is an update about the SARS February Tax Returns Deadlines for Companies.
SARS requires all Companies (trading or not) to submit their 2023 IRP6 Tax Return.
If your company year-end is February, the deadline for submission is 28 February 2023. Failing to submit your Tax Return before the deadline can result in:
• SARS allocating Penalty Fees of R250 - R16 000 for both ‘trading’ and ‘inactive’ companies.
• Put your company in a non-complaint tax status at current and new clients – which means you will not be able to apply for new Tenders and Contracts.