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SARS Filing Season for Companies and Trusts are as follows:

ITR14 Submissions: Companies

• Annual Income Tax Returns (ITR14) for Companies must be submitted within 12 months from the end of the company’s tax year.

What Supporting material must be submitted 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).

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ITR12T Submissions: Trusts

• Trusts that are not registered for Provisional Tax runs from 1 July 2022 to 24 October 2022; and

• Trusts that are registered for Provisional Tax starts from 1 July 2022 to 23 January 2023.

What Supporting documents must be submitted with the ITR12T?

• All mandatory supporting documents must be uploaded and submitted with the Trust return.

This includes, amongst others, the Trust instrument, Annual Financial Statements, Letters of Authority (LoA) and resolutions/minutes of trustee meetings.

The requirements will vary according to the Trust type.