Completing an ITR14

What’s New?

16 September 2022 – Discontinuation of the IT14SD form

Effective 16 September 2022, the Supplementary Declaration for Companies or Close Corporations (IT14SD) will no longer be required by SARS. The IT14SD will be replaced with a letter requesting relevant supporting documents based on the reason for verification.

How can the ITR14 be obtained & submitted?

The ITR14 can be requested and submitted electronically by using the eFiling platform.

How do we complete the ITR14?

You can 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 ITR14, click here.

What supporting material must we submit with the ITR14?

Annual Financial Statement for Small, Medium to Large Companies
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 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.

Please note: 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.

More info on completing the ITR14

A customised ITR14 will be created according to the company type that you specify as well as the answers to other initial questions 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 R20 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) not exceeding R1 billion and / or total assets exceeding R10 million).

Top Tip: Ensure that your business details are up to date before completing your ITR14. If you want to make any changes then you will have to updated the legal entity information on the RAV01 on your eFiling profile. See our page on Keeping my business details up to date for more information.