Tax season doesn’t have to be a scramble. With the right tools, timing, and support, South African businesses can approach 2026 with confidence and avoid the stress, penalties, and missed opportunities that come from last-minute filing.
At CTFSA, we’re here to help you stay ahead of SARS requirements and make tax season a strategic win. Whether you’re a freelancer, small business owner, or growing enterprise, this guide will walk you through the essentials.
Key SARS Submission Dates for 2026
SARS deadlines are non-negotiable, and missing them can cost you. Here’s what to watch for:
- Provisional Tax (IRP6):
- First period: 31 August 2026
- Second period: 28 February 2027
- Annual Income Tax Return (ITR12):
- Individuals and trusts: Likely due by 31 October 2026
- Companies: 12 months after financial year-end
- EMP501 Reconciliation (PAYE):
- Interim: 31 October 2026
- Annual: 31 May 2027
Penalty alert: Late submissions can trigger automatic penalties ranging from R250 to R16,000 per month depending on your income bracket and filing history.
How to Prep Your Financials for Smooth Submissions
Before you log into eFiling, make sure your records are ready:
- Reconcile all income and expenses for the year
- Ensure payroll data matches EMP501 submissions
- Confirm VAT returns and payments are up to date
- Review loan accounts and director withdrawals for compliance
- Gather supporting documents (invoices, bank statements, contracts)
CTFSA tip: Use cloud accounting tools or work with a bookkeeper to keep records clean and audit-ready.
Common eFiling Errors, and How to Avoid Them
Even seasoned business owners can trip up on eFiling. Watch out for:
- Incorrect tax reference numbers or banking details
- Mismatched figures between EMP501 and IRP5s
- Forgetting to declare foreign income or crypto assets
- Submitting without supporting schedules
- Overclaiming deductions without proof
Solution: Double-check entries, use SARS’s validation tools, and consult a tax professional if anything seems unclear.
DIY vs. Professional Help: When to Call in the Experts
Some tasks are DIY-friendly, others aren’t. Here’s a quick guide:
CTFSA advantage: Our team doesn’t just file we strategise. We help you structure your finances to reduce risk, optise deductions, and stay compliant year-round.
Tax Season Doesn’t Have to Be Taxing
With the right partner, tax season becomes less about panic and more about planning. CTFSA is here to help you file with confidence, avoid penalties, and unlock financial clarity for the year ahead.
Let’s make 2026 your most organised, empowered tax season yet.
