How can the ITR14 be obtained & submitted?
The ITR14 can only be requested and submitted electronically by using the eFiling platform.
How do we complete the ITR14?
You can only complete the ITR14 via eFiling.
Taxpayers who have not yet registered for eFiling are encouraged to visit www.sarsefiling.co.za to register as this will enable them to obtain, complete and submit the ITR14 online in a secure environment 24 hours a day.
To see an example of the new ITR14, click here.
What supporting material must we submit with the ITR14?
It is compulsory for the following schedules to be submitted with the return:
- For companies that conducted mining activities: GEN-001 Mining schedule
- For companies that conducted short term insurance activities: ICS01 Short term insurance schedule
- For Headquarter companies: RCH01 Schedule for Headquarter Company election
- For companies that participated in farming activities, please complete the new Farming Schedule (IT48).
Note: A company that claimed an allowance for learnership agreements may have to submit the (s.12H) – IT180 schedule on request from SARS.
- For Controlled Foreign Companies:
- IT10A – Controlled Foreign Company Prior 2012
or - IT10B – Controlled Foreign Company 2012 Onward
To explain this further:- The “IT10A – Controlled Foreign Company (CFC) prior 2012” is applicable for years of assessment commencing prior to 1 April 2012
- The “IT10B – Controlled Foreign Company (CFC) 2012 onwards” is applicable for years of assessment commencing on or after 1 April 2012
- For Controlled Foreign Companies, the submission of the Controlled Foreign Company (CFC) return IT10A (prior 2012) or IT10B (2012 onwards) is compulsory.
- IT10A – Controlled Foreign Company Prior 2012
Please note that a new IT10B – Controlled Foreign Company 2012 Onward has been implemented with the 26 February 2018 release.
When you’re submitting via eFiling, these documents must be submitted via eFiling at the time of submission of the return.
On subsequent submission of the specific ITR14, the submission of the Annual Financial Statements and/or supporting schedules is optional.
What is the IT14SD?
The IT14SD is a supplementary declaration in which a company must reconcile Income Tax, Payroll Taxes (PAYE, SDl and/or UIF), Value-Added Tax (VAT), and Customs declarations after the initial submission of the Return of Income. The T14SD – Company Income Tax Supplementary Declaration is an online form and only available on eFiling. For more information on how to complete the IT14SD, see our Guide on how to complete and submit the IT14SD.
More info on completing the ITR14
A customised ITR14 will be created according to the company type that you specify when completing your return. Company types will be classified in line with the following company category descriptions:
|
Type |
Description |
|
Dormant company |
A dormant company is classified as a company that has not actively traded for the full year of assessment (i.e. if the company partially traded during the year of assessment, the company will not be regarded as a dormant company). |
|
Share Block |
A Share Block Company is defined in s. 1 of the Share Blocks Control Act, 1980 (Act 59 of 1980). |
|
Body Corporate |
A Body Corporate is defined in s. 1 of the Sectional Titles Act, 1986 (Act 95 of 1986). |
|
Micro Business |
A Micro Business is classified as a company with a gross income (sales / turnover plus other income) not exceeding R1 million and total assets (current and non-current) not exceeding R5million, and that is not classified as a Body Corporate / Share Block Company. |
|
Small Business |
A Small Business is classified as a company with a gross income (sales / turnover plus other income) not exceeding R14 million and total assets (current and non-current) not exceeding R10 million, that is not classified as a Body Corporate / Share Block Company or Micro Business. Note: A Small Business is not the same as a Small Business Corporation as defined in section 12E. |
|
Medium to Large Business |
If a company is not classified as a body corporate / share block company, micro business or small business, it will be classified as a medium to large business (i.e. gross income (sales / turnover plus other income) exceeding R14 million and / or total assets exceeding R10 million). |
Top Tip: Before even starting to complete your ITR14 make sure your business details are up to date. If you want to make any changes then you will have to complete a RAV01 online, used to update the legal entity information. See our page on “Keeping my business details up to date” for more information.
Need any help?
For more information on the ITR14 or IT14SD contact the SARS Contact Centre on 0800 00 SARS (7277).
Related Documents
FTW01 – Declaration of Foreign Tax Withheld – External (Form)
GEN-001 – Mining Schedule – External Form
ICS01 – Schedule for Insurance Companies – External Form
IT-ELEC-03-G01 – How to complete the company Income Tax return ITR14 eFiling – External Guide
IT-GEN-03-G01 – How to complete the IT14SD Supplementary Declaration Form – External Guide
IT-GEN-04-G01 – How to complete the Income Tax Return ITR14 for Companies – External Guide
IT10A – Controlled Foreign Company Prior 2012 – External Form
IT10B – Schedule Controlled Foreign Company 2012 Onward – External Form
IT14SD – Example of Supplementary Declaration for Company or CC – External Form
IT180 – Declaration by Employer to Claim Deduction against Learnerships – External Form
ITR14 – Example of Income Tax Return for a Company – External Form
LAPD-IT-G18 – Guide to Building Allowances
RCH01 – Schedule for Companies Electing to be a Headquarter Company – External Form
Frequently Asked Questions
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