Introduction of the new dynamic income tax return for companies (ITR14)

An enhanced Income Tax Return for Companies (ITR14) will be introduced by SARS. The customised return will become effective on 4 May 2013 as part of the modernisation of Corporate Income Tax (CIT) aimed at improving efficiency and compliance.

The dynamic ITR14 will be hosted in Adobe Flash Player (version 11 and onwards) and will allow the company to create a customised return for completion. One of the additional benefits is that mandatory fields will be indicated in red on the electronic form, thus simplifying the completion of the ITR14. Furthermore, the ITR 14 can be saved on efiling at any time and completed later. Saved declarations can be opened and amended before being submitted on efiling.

Click here to download full notice ITR14 Return for companies