HomeHome SearchSearch MenuMenu Our productsOur products

Two tips to correctly complete you IT14SD

by , 21 October 2014
If you submit your company's tax return and SARS finds issues on it, it will ask you to complete a IT14SD (The Supplementary Declaration) form.

This form helps it verify any information you might have entered incorrectly the first time round.

But if you get the information on your IT14SD wrong, it could cause even more problems and lead to a full SARS audit.

We can help you prevent this. By using these two tips, you can ensure your IT14SD is 100% correct when you submit it to SARS...


Complete your IT14SD target="_blank" class="contextual_links">IT14SD correctly by following these two tips

Tip 1: Have these six documents on hand before you even start filling in the form
1. Your IT14 (company income tax) return showing income for your company for the year of assessment;
2. Your trial balance;
3. Signed financial statements;
4. General ledger; 
5. Employer reconciliation declaration (the EMP201 and EMP501 forms); and
6. A copy of the SARS employee tax codes. For all the employee tax codes, check out How to Successfully Complete Your IT14SD Form.
These documents will ensure you enter all the correct information.
Here's the second tip.
*********** Advertisement ************
Don't become SARS' victim by not completing your IT14SD correctly
Click here to see how you can complete yours correctly the first time, every time
Tip 2: Double check the information on the form before you sign it
The IT14SD is a legally binding declaration. This means SARS will take whatever you write on the form as the honest, accurate truth about your company.
Don't sign it if you've any doubts about what's on the form. Rather double, even triple check, all the information first. SARS will have good reason to penalise and even prosecute you if you misrepresent anything on the form.
Once you sign and submit it to SARS, there's no going back. So make sure the information you put on the form is correct.
Follow these two tips and you can be sure your IT14SD will form is 100% correct.

Related articles

Related articles

Watch And Learn

Related Products


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance

Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today

Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism

This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands

Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>