Guide on how to complete the income tax return (ITR14) for companies
SARS has issued an updated guide on how to complete the income tax return (ITR14) for companies to include clarity on the financial year-end and financial statements required.
The guide issued by SARS on how to complete the income tax return (ITR14) for companies address a number of topics, including how to request, complete and submit the ITR14 return and how to request for correction. The guide was updated on 25 February to provide stakeholders with clarity on the financial year-end and financial statements required. It specifically notes that small businesses and medium to large businesses are required to upload the signed off annual financial statements as part of the return submission, while this is optional for all other companies.
A copy of the updated guide can be accessed here.
04/03/2022