ITR14

The ITR14 is your company’s official income tax return.

It must be submitted to SARS every year even if your business didn’t trade or make a profit.

The ITR14 reports your company’s…

  • income
  • Expenses
  • overall financial position for the year

SARS uses it to calculate how much tax your business owes (or whether you're due a refund).

"What information goes into an ITR14?"

The ITR14 includes:

  1. Your company’s total income
  2. Allowable expenses
  3. Profit or loss
  4. Taxable income
  5. Tax payable or refundable

You also need to include supporting documents like financial statements and tax calculations.

"Does every company need to file an ITR14?"

Yes.

If your company is registered with CIPC, you are legally required to submit an ITR14, even if:

  • The company didn’t trade
  • You made no income
  • You’re the only person involved in the business

Failing to file can result in penalties, interest, and non-compliance status with SARS.

"When is the ITR14 due?"

You MUST file your ITR14 within 12 months of your company’s financial year-end.

So if your year-end is 28 February, your ITR14 is due by the end of the following February.

"What happens if I miss the ITR14 deadline?"

You’ll face…

  1. Late submission penalties
  2. Interest on unpaid tax
  3. Delays getting tax clearance
  4. SARS marking your company as non-compliant

The sooner you catch up, the better –

– even if it’s overdue.

"Can I file an ITR14 myself?"

Technically, yes…

But the ITR14 is a complex return.

So you need to understand:

  • How to classify your income and expenses correctly
  • How to handle depreciation and capital allowances
  • How to prepare financial statements

… it’s A LOT

That’s why most business owners prefer to use a tax practitioner or services like Govchain.

"What documents do I need for the ITR14?"

You’ll usually need:

  1. Annual financial statements
  2. A trial balance
  3. Tax computation worksheets
  4. Supporting schedules (depending on your business type and turnover)

Govchain will guide you through everything that’s required.

"How do I file an ITR14?"

Govchain makes it easy.

We’ll help you collect the right documents, prepare your return, and submit it to SARS — no stress, no confusion, and no missed deadlines.


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