ADDITIONAL CHANGES TO INCOME TAX RETURNS FOR TRUSTS
The South African Revenue Service (“SARS”) implemented several changes to theI (the ITR12T) on 17 September 2018. These changes are in addition to the changes already made on 26 February 2018. The September 2018 changes apply in respect of the year of assessment ending on 28 February 2018. Taxpayers that already saved or submitted the […]
CHANGES TO INCOME TAX RETURNS FOR COMPANIES
The South African Revenue Service (“SARS”) implemented several changes to the annual income tax returns for companies (the ITR14) on 26 February 2018 as part of SARS’ ongoing efforts to promote efficiency and compliance. Two new schedules were added to the ITR14. Firstly, companies that wish to claim the learnership allowance in terms of section […]