The Second 2026 Provisional Tax Deadline is on 27 February 2026
This is a very important declaration with specific requirements relating to estimation of your taxable income for the 2026 tax year – we are here to help you to meet this deadline with the highest accuracy.
In order for us to help minimise your tax burden and protect your wealth, please consider the following tax savings opportunities:
- Tax free savings account – maximum annual contribution limit R36 000.
- Retirement Planning – Retirement Annuity Fund (RAF) contributions of 27.5% of all taxable income limited to R350 000 per tax year.
- Donations – Section 18A donations and annual exempt donations of R100 000.
- Capital Gains – have you had disposal of assets that could result in Capital Gains Tax or intend on selling before 28/02/2026? If you have not yet realised the R40 000 in capital gains during the year, it may be to your advantage to do so before 27/02/2026 and take advantage of the annual individual exemption.
- Trusts – Manage Distribution due to changes in the Taxation of Trust Distributions to Non-Resident beneficiaries from 1/3/2025 onwards.
From 01/03/2026, SARS will be charging Administration Penalties for late submission of outstanding 2024 and 2025 income tax returns for Trusts – Please contact us to remedy any non-compliance urgently.
- Dividends tax – Avoid the cost of potential increase dividends tax rate prior to 2026 Budget on 25/02/2026.
We note that all provisional taxpayers must submit their required provisional tax returns – even a “nil” return must be filed with SARS.
The above is all part of extremely complex legislation, which is continuously evolving and subject to many rules. We would strongly urge you to talk to Alexis, Dave, Juanita, Fatima or Danie before you take any action.
Please see link for our full newsletter dated 02 February 2026.
Juanita Roman | Director