Upcoming Tax Deadlines: Why Now is the Time to Get Your Affairs in Order
As we move through the year, it’s important to stay on top of your tax obligations. With the first provisional tax deadline behind us, many taxpayers can now shift their focus to another critical deadline: individual income tax returns, which are due on 23 October 2025.
Why You Should Act Now
Waiting until the last minute to submit your individual income tax return can lead to unnecessary stress, rushed calculations, and even penalties. By preparing early, you give yourself the opportunity to:
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Avoid late submission penalties: SARS imposes fines for late or incorrect filings, which can be costly.
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Identify deductions and credits: Taking time to review your finances allows you to claim all eligible deductions, potentially reducing your tax liability.
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Plan your finances better: Early submission means you’ll know whether you owe taxes or are due a refund, giving you the clarity to plan your finances for the rest of the year.
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Stay organized: Early filing prevents the chaos of scrambling for documents at the last minute, ensuring a smooth process for both you and SARS.
Remember, tax season is not just about compliance—it’s an opportunity to take control of your finances and plan strategically for the year ahead.
The First EMP501 Deadline for 2026 Financial Year
While individual tax returns are top of mind, employers should also be aware that the first EMP501 submission for the 2026 financial year is due on 31 October 2025. This means that all payroll for the past six months must be reconciled to ensure accurate reporting and compliance. Failure to reconcile payroll can result in penalties, interest, and administrative headaches.
Why Professional Help Matters
Taxes can be complex, and mistakes can be expensive. Hiring a professional accountant or tax consultant ensures that:
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Your returns are accurate and compliant with SARS regulations.
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You’re claiming all possible deductions and credits.
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Payroll is reconciled properly, reducing the risk of penalties and interest.
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You have peace of mind knowing that an expert is handling your submissions.
A professional can also guide you through the nuances of provisional tax, individual income tax, and payroll obligations—helping you avoid costly errors and maximize your tax efficiency.
Don’t Delay: Take Action Today
With the individual income tax deadline approaching on 23 October and the EMP501 deadline on 31 October, now is the perfect time to gather your documents, reconcile your payroll, and engage a professional to assist you. Early action will not only save you stress but can also save you money and ensure you remain compliant with SARS.
Proactive planning today leads to financial clarity tomorrow. Don’t wait—get your taxes in order now!
Emily Gomes (ICB Senior Bookkeeper)
Senior Bookkeeper
Emily obtained a Senior Bookkeeping National Certificate with ICB and has relevant experience. She has experience in digital marketing design and social media marketing as well as bookkeeping functions, VAT, payroll, PAYE, company secretarial, debtors and creditors for multiple companies.
QuickBooks Certified