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SARS: Reminder – IT3(d) third party return submission deadline
- 05 May 2025
- SARS Issues
- South African Accounting Academy
Summary:
This is a reminder that the SARS Third Party Data Annual Submissions process for the period 1 March 2024 – 28 February 2025 opened on 1 April 2025 and will close on 31 May 2025.
Article:
NIL returns must be submitted for those entities that did not issue any section 18A certificates during the period.
IT3D Returns are third-party data submissions required by SARS from organizations that issue Section 18A tax receipts for tax-deductible donations. These returns play a vital role in the tax ecosystem, helping SARS pre-populate tax returns and ensure compliance among tax-exempt organizations.
Section 18A organisations must submit the IT3(d) third party return by 31 May 2025.
Please make every effort to timeously submit complete and accurate information the first time around, to minimise the need for subsequent revisions. Multiple revisions significantly compromise the reliability of the data, our ability to expand the auto assessment population, ensuring a high degree of matching accuracy and ultimately impacting your client’s ability to fulfil their tax obligations.
You are urged to submit your data files for the 2025 tax year as soon as you are ready and do not delay or leave your submissions till the last minute. The final two weeks of the submission period is always busy, and if you delay your submissions, you will experience delays in the processing of the submitted data.
In the event you need to amend your submissions, please alert SARS of such, prior to making revisions and make the necessary corrections timeously.
Click here to access more information:
https://www.sars.gov.za/businesses-and-employers/third-party-data-submission-platform/
Relevance to Auditors, Independent Reviewers & Accountants:
- The Income Tax Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- All auditors, accountants, independent reviewers and tax practitioners should be aware of the latest publications issued and updated webpagesby SARS to remain up-to-date with the guidance provided therein.
- Section 18A approved entities must ensure that they submit their IT3(d) third party data before the deadline.
Relevance to Your Clients:
- All tax exempt entities have a duty to comply with the Income Tax Act, otherwise they could be held liable.
- Section 18A approved entities must ensure that they submit their IT3(d) third party data before the deadline.