As a helpful reminder, here's a glimpse into upcoming compliance dates in South Africa for 2024 that may affect you.
General:
March 1: Unemployment Insurance Fund (UIF) annual returns & contributions due.
April 1: Workplace Occupational Health & Safety Levy (WOHSL) payment deadline.
October 31: Provisional corporate income tax payment for Q4 due.
November 30: Annual employee tax (PAYE) & VAT returns due.
December 31: Annual B-BBEE verification reports due (depending on financial year-end).
Tax & Financial:
February 28: Monthly PAYE & VAT returns for February due.
April 30: Provisional corporate income tax payment for Q1 due.
June 30: Monthly PAYE & VAT returns for June due.
August 31: Provisional corporate income tax payment for Q2 due.
September 30: Monthly PAYE & VAT returns for September due.
Employment:
September 1: EERS online system opens for submission (Employment Equity reporting).
January 15, 2025: EERS submission deadline (for companies with 150+ employees).
October 31, 2024: Manual EE report submission deadline (50+ employees).
Other sectors (check specifics for your industry):
March 31: Annual occupational health & safety reports due (Dept. of Labour).
June 30: Risk assessments & emergency plans due (high-risk industries).
September 30: Annual medical surveillance for hazardous substances exposure.
March 31: Annual environmental impact assessments due (Dept. of Environmental Affairs).
April 30: Annual consumer complaints report due (National Consumer Commission).
This is not an exhaustive list. Please check specific deadlines for your industry, company size, and location.
Stay informed and avoid penalties! Utilize helpful resources like SARS, CIPC, Dept. of Labour, and industry associations for updates and detailed information.
We're here to help! Don't hesitate to contact us with any questions about compliance in South Africa.
Together, let's navigate the 2024 compliance landscape smoothly!
This message is intended for general information only and does not constitute legal advice.
SOME KEY COMPANY COMPLIANCE DATES IN SOUTH AFRICA FOR 2024:
Tax-related deadlines:
5 January 2025: Deadline for individuals to submit income tax returns.
February 28, 2025: Deadline for provisional corporate income tax payments for the first quarter of the 2025 tax year.
April 30, 2025: Deadline for annual returns for companies with a financial year-end of 31 March 2025.
February 28: Monthly employee tax (PAYE) and value-added tax (VAT) returns for February due.
April 30: Provisional corporate income tax payments for the first quarter of the 2024 tax year due.
June 30: Monthly employee tax (PAYE) and value-added tax (VAT) returns for June due.
August 31: Provisional corporate income tax payments for the second quarter of the 2024 tax year due.
September 30: Monthly employee tax (PAYE) and value-added tax (VAT) returns for September due.
October 31: Provisional corporate income tax payments for the third quarter of the 2024 tax year due.
November 30: Monthly employee tax (PAYE) and value-added tax (VAT) returns for November due.
December 31: Provisional corporate income tax payments for the fourth quarter of the 2024 tax year due.
Broad-Based Black Economic Empowerment (B-BBEE) deadlines:
March 31: Annual B-BBEE verification reports due for companies with a financial year-end of 28 February 2024.
June 30: Annual B-BBEE verification reports due for companies with a financial year-end of 31 May 2024.
September 30: Annual B-BBEE verification reports due for companies with a financial year-end of 31 August 2024.
December 31: Annual B-BBEE verification reports due for companies with a financial year-end of 30 November 2024.
March 31, 2024: Annual B-BBEE ownership reports due to the B-BBEE Commission (applicable to companies with a qualifying ownership structure).
June 30, 2024: Deadline for companies to submit B-BBEE Verification Certificates for government contracts exceeding R50 million.
Throughout the year: B-BBEE codes of good practice for specific sectors codes might have additional reporting requirements or deadlines.
Company registration and annual return deadlines:
February 28: Annual returns for companies with a financial year-end of 28 February 2024 due to the Companies and Intellectual Property Commission (CIPC).
May 31: Annual returns for companies with a financial year-end of 31 May 2024 due to the CIPC.
August 31: Annual returns for companies with a financial year-end of 31 August 2024 due to the CIPC.
November 30: Annual returns for companies with a financial year-end of 30 November 2024 due to the CIPC.
Employment Equity compliance dates in South Africa for 2024 involve two key aspects; reporting and submission for all employers, and the Employment Equity Reporting System (EERS) for larger employers:
General Reporting and Submission:
1 September 2024: Online EERS opens for submission.
15 January 2025: Online EERS submission deadline.
31 October 2024: Manual EE report submission deadline (applicable to employers with 50 or more employees who choose not to use the online system).
Employment Equity Reporting System (EERS) for Larger Employers:
1 September 2024: EERS online system opens for all employers with 150 or more employees.
15 January 2025: Deadline for all employers with 150 or more employees to submit their EE reports through the EERS online system.
Important note: The amended Employment Equity Act, which was signed into law in April 2023, is not yet in effect as of January 9, 2024. The Act is awaiting proclamation by the President, which will determine the effective date and bring about changes to reporting requirements and sector targets.
Therefore, employers should still use the existing legislation and reporting deadlines for 2024 compliance.
The WSP (Workplace Skills Plan) and ATR (Annual Training Report) submission dates in South Africa for 2024 are not yet officially announced by the Services SETA (Sector Education and Training Authority) for your specific sector. However, based on previous years and available information, here's what we can expect:
General Timeline:
March 2024: Expected opening of the online system for WSP/ATR submissions.
April 30, 2024: Possible deadline for WSP/ATR submissions. (Please note: This date is not confirmed yet and might be subject to change. Keep checking the official SETA website or contact them for the latest updates.)
Additional Points:
The exact dates might vary depending on your specific sector and the SETA responsible for it.
The Services SETA website usually announces the official WSP/ATR submission dates around January/February. It's advisable to regularly check their website or contact them directly for the latest updates.
Some employers might still be required to submit manual reports if they fall below a certain employee threshold or encounter technical difficulties with the online system.
Financial Reporting:
31 October 2024: Deadline for financial year-end companies to file annual financial statements with the Companies and Intellectual Property Commission (CIPC).
31 December 2024: Deadline for provisional corporate income tax payments for the fourth quarter of the 2024 tax year.
Employee Benefits:
March 1, 2024: Deadline to submit annual returns for the Unemployment Insurance Fund (UIF).
April 1, 2024: Deadline to pay annual contributions to the UIF based on employee's earnings for the previous year.
31 December 2024: Deadline to pay the Workplace Occupational Health and Safety Levy (WOHSL) based on your company's payroll for the previous year.
Other Regulatory:
March 1, 2024: Deadline to submit annual returns for the National Health Fund (NHF).
March 31, 2024: Deadline to register all occupational diseases with the Compensation for Occupational Injuries and Diseases (COIDB).
June 30, 2024: Deadline to renew business licenses and permits with your local municipality.
September 30, 2024: Deadline to submit annual returns for the Construction Industry Development Board (CIDB).
Safety and Health:
March 31, 2024: Deadline for employers to submit annual occupational health and safety reports to the Department of Labour.
June 30, 2024: Deadline for companies in high-risk industries to submit risk assessments and emergency preparedness plans to the Department of Labour.
September 30, 2024: Deadline for companies to conduct annual medical surveillance of employees exposed to hazardous substances.
Environmental:
March 31, 2024: Deadline for companies to submit annual environmental impact assessments to the Department of Environmental Affairs.
June 30, 2024: Deadline for companies in certain industries to obtain water use licenses.
September 30, 2024: Deadline for companies to submit annual waste disposal reports to the Department of Environmental Affairs.
Consumer Protection:
April 30, 2024: Deadline for businesses to submit annual complaints reports to the National Consumer Commission.
June 30, 2024: Deadline for businesses to update their product liability insurance policies.
September 30, 2024: Deadline for businesses to comply with the new regulations on advertising and marketing practices.
Healthcare:
31 March 2024: Deadline for healthcare facilities to submit annual reports to the Health Professions Council of South Africa (HPCSA).
30 June 2024: Deadline for pharmacies to renew their operating licenses with the South African Pharmacy Council (SAPC).
30 September 2024: Deadline for medical practitioners to pay their annual registration fees with the HPCSA.
Construction:
31 January 2024: Deadline for contractors to renew their Construction Industry Development Board (CIDB) registrations.
28 February 2024: Deadline for construction companies to submit annual returns to the National Home Builders Registration Council (NHBRC).
31 March 2024: Deadline for construction companies to complete mandatory health and safety training for all employees.
Financial Services:
March 31: Deadline for financial institutions to submit annual returns to the Financial Services Board (FSB).
April 30: Deadline for insurance companies to submit annual reports to the Financial Services Conduct Authority (FSCA).
September 30: Deadline for banks to renew their operating licenses with the South African Reserve Bank (SARB).
October 31: Deadline for provisional corporate income tax payments for the fourth quarter of the 2024 tax year.
November 30: Deadline for monthly employee tax (PAYE) and value-added tax (VAT) returns for November.
FSCA (FSCA Act 37 of 2009):
Ongoing: Annual financial statements filing within 4 months of financial year-end.
March 31: Annual compliance reports filing based on financial year-end (compliance with provisions of FSCA Act).
June 30: Anti-money laundering (AML) compliance deadline for Designated Non-Financial Businesses (DNFBs) under Financial Intelligence Centre (FIC) directive 7 and other applicable guidelines.
Quarterly: Regulatory capital adequacy reporting.
CIPC (Companies and Intellectual Property Commission):
February 28: Annual returns for companies with a financial year-end of 28 February 2024.
May 31: Annual returns for companies with a financial year-end of 31 May 2024.
August 31: Annual returns for companies with a financial year-end of 31 August 2024.
November 30: Annual returns for companies with a financial year-end of 30 November 2024.
SARS (South African Revenue Service):
Monthly: PAYE and VAT returns due by the 7th of the following month.
February 28: Monthly PAYE and VAT returns for February due.
April 30: Provisional corporate income tax payment for the first quarter of the 2024 tax year due.
June 30: Monthly PAYE and VAT returns for June due.
August 31: Provisional corporate income tax payment for the second quarter of the 2024 tax year due.
September 30: Monthly PAYE and VAT returns for September due.
Key annual trust compliance deadlines in South Africa for 2024.
Please note that this information is for general guidance and should not be taken as a substitute for professional legal advice.
Key Trust Compliance Deadlines:
May 31, 2024: Deadline to file the Third-Party Transaction Report with SARS. This report details all transactions involving the trust and its beneficiaries during the previous year (ending 28 February 2024).
February 28, 2025: Deadline to file the Annual Income Tax Return for the trust, including any income from investments, rental properties, or other sources.
April 30, 2025: Deadline for the first provisional trust income tax payment for the 2025 tax year.
June 30, 2025: Deadline for the second provisional trust income tax payment for the 2025 tax year.
August 31, 2025: Deadline for the third provisional trust income tax payment for the 2025 tax year.
September 30, 2025: Deadline for the fourth provisional trust income tax payment for the 2025 tax year.
Additional Considerations:
Trust Registration: If your trust hasn't been registered with SARS, you should do so as soon as possible.
B-BBEE Compliance: Trusts with qualifying ownership structures may need to comply with the Broad-Based Black Economic Empowerment (B-BBEE) requirements.
Ensure dividends are paid and declared to SARS before financial year end.
Financial Statements: Depending on the complexity of the trust, you may need to prepare, and file audited financial statements.
General:
Annual returns: All companies must file annual returns with the Companies and Intellectual Property Commission (CIPC).
Financial statements: Most companies must file annual financial statements with the CIPC.
Tax compliance: All companies must comply with relevant tax laws and regulations set by the South African Revenue Service (SARS).
Employment law: Companies must comply with various employment laws, including the Basic Conditions of Employment Act, the Occupational Health and Safety Act, and the Unemployment Insurance Fund Act.
Safety regulations: Companies operating in certain industries may have additional safety regulations they must comply with.
Environmental regulations: Companies must comply with various environmental regulations, depending on their activities and location.
Consumer protection: Companies must comply with the Consumer Protection Act, which protects consumers from unfair business practices.