The New Company Tax Return (ITR14)

From May 3 all corporates (companies, close corporations, share blocks, body corporates, micro businesses and small business) will be required to use the new ITR14 form. The form is customised to your type of business (body corporate, micro business etc) once you have answered the initial questions. Red arrows will indicate which fields to complete. The form can be saved at any time and you can work on it until you complete the ITR14 and it is ready for submission. In addition, all requests for corrections (RFCs) can be done via eFiling or at a SARS branch. This form cannot be posted to SARS – it must be done via eFiling or completed at a branch. This is done to improve accuracy and efficiency. There will be additional schedules to complete depending on your type of business. The form is intended to make your submission and SARS’ assessment smoother, more accurate and more efficient. © DotNews, 2005-2013. This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact your financial adviser for specific and detailed advice.

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