22 April 2025 – The Corporate Income Tax Guide has been updated to include additional clarity on Beneficial Ownership. As a member of the Financial Action Task Force (FATF), South Africa is committed to implementing measures that ensure the availability of adequate, accurate, and timely information regarding the beneficial ownership and control of legal persons and arrangements. In line with this commitment, SARS has introduced requirements for submitting the Beneficial Interest and Beneficial Ownership registers as part of the Income Tax Return for Companies (ITR14) submission process, effective from the 2022 year of assessment.
Updated guide: How to complete the Income Tax Return ITR14 for Companies
