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IT14 Tax Return for Business (Inactive)

A form that SARS (South Africa Revenue Service) needs all companies and firms registered with (Companies Intellectual Property Commission) CIPC to comprehend and submit to SARS once every year is an ITR14 OR Income Tax Return.

A dormant company is categorized as a type of company that has not been involved in active trade for the whole year of assessment. This means if the firm somewhat traded during the year of valuation, the firm will not be considered as a dormant company).

The ITR14 can only be demanded and can have its submission electronically by using the platform of eFiling. Those businesses and individuals and are Tax payable not yet registered for eFiling are encouraged to visit the website  www.sarsefiling.co.za to register themselves. Through this, they will be enabled to obtain, complete, and submit the ITR14 online 24 hours a day in a safe environment.

Whereas the IT14SD is an additional declaration in which a firm must settle Income Tax, Value-Added Tax, Payroll Taxes, and Customs assertions after the primary submission of the Income Return