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IMPORTANT TAX DEADLINES TO REMEMBER
- 24 January 2024:Individual and Trust provisional taxpayers 2023 tax returns
- 29 February 2024:Companies, Close Corporations and Trusts with February year ends 2024 tax returns
- 29 February 2024:2024 second provisional tax estimates and payments for provisional individual taxpayers, Companies, Close Corporations and Trusts with February year ends
IMPORTANT YEAR END CONSIDERATIONS TO REMEMBER – 28 FEBRUARY 2024
We would like to remind you of the following aspects relating to February year-end entities and all individuals.
Companies and Close Corporations:
Dividend Declarations:
Consider whether a year-end dividend should be declared as these dividends should be declared by 29 February 2024.
Contact us to assist you with any calculations and preparation of dividend resolutions and dividend withholding tax returns.
Individuals:
Travel allowance:
Employees in receipt of a travel allowance must maintain a logbook of business and private travel. No deduction for income tax purposes will be considered without a valid logbook. A logbook must include date of travel, destination, reason for travel and the business kilometres travelled.
Remember to record your closing kilometres (ODO reading) as at 29 February 2024.
Bank account balances:
Remember to document and send us the closing balance of your bank account(s) as at 29 February 2024.
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