How do I submit my company tax return on eFiling?
How to use SARS eFiling to File Income Tax Returns
- STEP 1: Get started by logging in.
- STEP 2: Generate your ITR12 tax return.
- STEP 3: Start work on your income tax return.
- STEP 4: Using the Wizard to setup the sections of your return.
- STEP 5: Complete your return in eFiling.
- STEP 6: Submit and you’re done!
What is net income from CFC?
Net income of a Controlled Foreign Company (CFC) • The net income of a CFC for a foreign tax year is an amount equal to the taxable income of the CFC. The taxable income must be determined in accordance with the provisions of the Income Tax Act, 1962.
How do I file an annual return from SARS?
If you need to submit an income tax return, you can complete and submit it to SARS via the following channels:
- eFiling on your computer – simply register for eFiling at www.sarsefiling.co.za.
- The SARS MobiApp from which you can complete and submit your Income Tax Return (ITR12).
How do I file ITR14 on eFiling?
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.
How do I add my company to SARS eFiling?
Select the “Organisation” tab and click on “Register New”. The “Register New Organisation” page will be displayed for you to add new taxpayers to the eFiling profile. Based on the selection of the type of taxpayer, the fields will differ to complete. On completion of all relevant fields, click on “Continue” to proceed.
How do I file ITR14 on SARS eFiling?
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 new ITR14, click here.
When must companies submit tax returns?
Companies need to file their tax return (ITR14) annually, and this is due within 12 months of their financial year end. For example, a company with a June year end will need to submit their 2021 ITR14 by 30 June 2022.
How do I complete my ITR14?
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.
How do I file an ITR14?
What is a SARS ITR14?
More info on completing the ITR14 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).
How do I submit my IRP5 online?
On the eFiling wizard page (the first page), just enter the number of IRP5’s that you have in the number entry box. Then when you click the button to generate your tax return form there will be multiple empty IRP5 documents for you to fill in.
How do I complete ITR14 on eFiling?
How do I activate my business tax number?
Last Updated: 08/03/2021….Follow these easy steps:
- Logon to eFiling.
- Select the correct tax payer from the “Taxpayer List”
- Navigate to the “Organisations” tab.
- Open the “Organisation” menu.
- Select the “Organisation Tax Types” sub menu.
- Tick the applicable tax type.
- Enter a tax reference number.
- Select “Register” button.
Who must complete an ITR14?
An ITR14 or Income Tax Return is a form that SARS requires all companies registered with CIPC to complete and submit to SARS once every year.
How will I know if SARS owes me money?
If SARS owes you money, the refund amount and payment date will show on your Statement of Account (ITSA). Once logged in to eFiling and click on the Statement of Account icon at the top right hand side of your screen. Last Updated: 20/06/2022.