Applying for a financial year-end change: Corporate income tax return (ITR14)
Taxpayers can apply for a financial year-end change of their Corporate Income Tax (ITR14) return. This alert provides the relevant steps for different types of companies.
The following steps can be followed when applying for a financial year-end (“FYE”) change of your Corporate Income Tax (ITR14) return.
Scenario 1: Company registered through the Companies and Intellectual Property Commission (“CIPC”)
Step 1: Visit the CIPC agency: Inform CIPC of the financial year end FYE change.
Step 2: Acquire notification from CIPC: Ensure that you received the correspondence to change the financial year end of the organization from CIPC.
Step 3: Application outcome: Once approved, SARS will notify you of the change and the FYE on your ITR14 return will be updated. Where the FYE on your ITR14 return remains unchanged, visit the SARS branch office or book a virtual appointment for further enquiry. Ensure that you provide SARS with the information provided to you by CIPC.
Scenario 2: Company registered through Social Development etc.
Step 1: Visit a SARS branch office or book a virtual appointment:
- Inform SARS of your request to change the financial year end (FYE).
- SARS will advise on the process and documentation required.
For more information in this respect, click here.
11/03/2022
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