South Africa Corporate Income Tax Return (ITR14) — Micro Business pathway

The company's classification, determined by the ITR14's 'Information to create this income tax return' wizard. This determines which Annexure (A-E) the return generates. This document models Annexure C (Micro Business) only: a company with qualifying turnover not exceeding R1 million and total assets not exceeding R5 million, not otherwise classified as a Body Corporate/Share Block Company.

If 'No', the ITR14 return cannot be requested; the legal entity information must first be updated via 'Maintain SARS Registered Details' on eFiling.

Displayed once detailsVerifiedAndConfirmed is 'Yes'. Applicable from the 2024 year of assessment onwards.

A Micro Business return implies the company is not dormant.

Displayed for all years of assessment once the company is not dormant.

Applicable from the 2025 year of assessment onwards. Only one of the co-operative/association-of-persons/non-profit-company/collective-investment-scheme/body-corporate/share-block company-type questions may be answered 'Yes'.

Applicable from the 2025 year of assessment onwards.

Called 'Is the company a non-profit company?' for the 2024 year of assessment and prior.

Is the company a Collective Investment Scheme registered as a company?

A 'Yes' here classifies the company under Annexure B (Body Corporate/Share Block), out of scope for this document — see za/sars/corporate-income-tax-return-itr14-dormant's sibling Annexure-B candidate note.

A 'Yes' here classifies the company under Annexure B (Body Corporate/Share Block), out of scope for this document. Called 'Is the company a share block company defined in the Share Blocks Control Act as referred to in s10(1)(e)?' for the 2024 year of assessment and prior.

Calculated as the sum of 'Sales/Turnover' under Gross Profit/Loss and all income items declared under Income Items in the Income Statement. Must not exceed R1,000,000 for a Micro Business classification.

Must not exceed R5,000,000 for a Micro Business classification.

Only displayed if the company is an association of persons, a co-operative, a body corporate, or a non-profit company. If 'Yes', the Share/Membership Register container displays (out of scope for this document — see VERIFICATION.md). 'Association of persons' and 'Body Corporate'/'Co-Operative' company types must have at least 1 (or, for Body Corporate/Co-Operative, at least 2) members.

Zero (0) is allowed where no natural person ultimately owns or exercises effective control over the company. If greater than zero, the Details of Beneficial Owner(s) container displays, repeated per owner — out of scope for this document (see VERIFICATION.md). Applicable from the 2024 year of assessment onwards.

If greater than zero, the Share/Membership Register's Classes of Shares sub-section displays, limited to the 3 highest Rand-value classes regardless of the number entered — out of scope for this document (see VERIFICATION.md).

If 'Yes', the Schedule of Local Capital Gains and Losses in respect of the disposal of assets displays — a repeating table out of scope for this document (see VERIFICATION.md).

If 'Yes', the Schedule of Foreign Capital Gains and Losses in respect of the disposal of assets displays — a repeating table out of scope for this document (see VERIFICATION.md).

Has any debt been reduced for no consideration which has the effect of reducing the company's assessed capital loss under paragraph 12A(4) of the Eighth Schedule?

Was the reduction for a local asset?

Was the reduction for a foreign asset?

Source code 4254. Programmatically reduces the Local Assessed Capital Loss Carry Over, limited to the amount available.

Source code 4255.

Does any declaration in this return relate to an application made under the SARS Voluntary Disclosure Programme?

Alphanumeric; the first three characters must be 'VDP'. No spaces or dashes. Must be for an approved VDP agreement between SARS and the company.

If 'Yes', the Special Economic Zones (SEZ) section displays for completion, including which SEZ(s) the company is located in and a series of mandatory qualification-confirmation questions — out of scope for this document (see VERIFICATION.md). Introduced from the 2017 year of assessment onwards.

Does the company want to claim a deduction i.t.o. section 7F in respect of SARS interest repaid that was previously taxed i.t.o. section 7E?

Source code 4052.

Does the company want to claim donations made to an approved organisation in terms of section 18A?

The per-organisation name/PBO-number/amount detail (up to the top 20 by monetary value) is out of scope for this document — see VERIFICATION.md.

Source code 4011. Subject to a 10% of taxable income limit under section 18A.

Average value of the aggregate of all participatory interests held by investors in the portfolio (R)

For ITR14 returns from the 2019 form year onwards, PAYE credits cannot be manually captured — only pre-populated IRP5 information is accepted; additional IRP5 certificates require submission at a SARS branch.

SARS pre-populates this count. The per-certificate PAYE Credits Available container (non-taxable income, gross employment income, certificate number, PAYE credit) is out of scope for this document — see VERIFICATION.md.

If 'Yes', the Foreign Tax Credits: Taxable Foreign Sourced Income of Resident Companies — section 6quat(1A) computation container displays — out of scope for this document (see VERIFICATION.md).

Were any foreign tax credits refunded/discharged during the year of assessment for which a rebate was allowed during a previous year of assessment in terms of section 6quin?

Portion of the amount refunded/discharged that was previously allowed by SARS as a rebate (R)

Source code 4249.

Applicable from the 2019 year of assessment onwards.

Source code 4053.

Did the company have a right of recovery (other than a right of recovery i.t.o. a mutual agreement procedure, or any entitlement to carry back losses arising during any previous year of assessment)?

Was the foreign tax amount refunded to the company during this year of assessment?

This income must have been declared elsewhere in the return; the related deduction/carry-over is calculated by SARS. Applicable from the 2019 year of assessment onwards.

Is the company resident in South Africa for income tax purposes?

Introduced from the 2013 year of assessment onwards.

Is the company resident outside South Africa due to foreign incorporation (and not being effectively managed in SA)?

Is the company resident outside South Africa by virtue of a treaty to avoid double taxation?

Format CCYYMMDD.

Is the company a partner in a partnership/joint venture?

The repeating Partnership/Joint Ventures container (one section per partnership) is out of scope for this document — see VERIFICATION.md.

If 'Yes', the Personal Service Provider section displays — an 8-part eligibility decision-tree questionnaire out of scope for this document (see VERIFICATION.md). Section 23(k) prohibits a Personal Service Provider from deducting certain listed expenses (legal expenses, bad debts, pension/provident/benefit fund contributions, and others).

Is the company listed on a recognised stock exchange as referred to in paragraph 1 of the Eighth Schedule?

Applicable from the 2019 year of assessment onwards.

Were any transactions relating to crypto assets included in the income statement?

Gross crypto assets amount included in income statement (R)

Did the transaction(s) relating to crypto assets result in a profit?

Profit relating to crypto assets trading (R)

Loss relating to crypto assets trading (R)

Amount of crypto assets included as assets in the Balance Sheet (R)

Is the company registered/licensed for customs purposes?

Number of customs client codes allocated to this company

Personal identifier; handle as sensitive data. The company's SARS income tax reference number. Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Format CCYYMMDD. Pre-populated (read-only) in the Company/Close Corporation Particulars container.

Is this return in respect of a branch/permanent establishment/agency of a foreign company?

The nine South African provinces plus 'International'. Every value here is verbatim from the guide's own §13.2.1(b)(ii) list, which (unlike the equivalent Dormant-Annexure list at §11.2.1(b)(ii)) uses sequential A-J lettering with no gaps.

Selected from the Standard Industry Codes booklet published at www.statssa.gov.za.

Selected from SARS' main source code list. Note (§13.2.1(b)(iv)): a Body Corporate company must select source code 3018 (2003 onwards, else 3008); a Share Block company must select 3019 (2003 onwards, else 3009) — inapplicable when isBodyCorporateSectionalTitles/isShareBlockCompany are both false, as scoped by this document.

Mandatory free-text field (maximum 56 characters) only if the selected profit code ends with '98'. Not expressible as a requiredWhen condition on profitCodeMainSource's own value under GSP-0013 (no string-suffix operator) — left optional here; a filer/agent must supply it whenever that condition holds.

Inferred gating field: guide §13.2.2 is headed 'TAX PRACTITIONER DETAILS (If applicable)' but the Annexure C wizard text does not show an explicit Yes/No question for it (unlike za/sars/individual-income-tax-return-itr12's explicit tax-practitioner-declaration question) — applicability is most likely determined by the logged-in eFiling user's practitioner-registered role rather than an in-form question. Flagged in VERIFICATION.md as needing first-party confirmation, the same caveat recorded for za/sars/corporate-income-tax-return-itr14-dormant.

Alphanumeric, 9 characters; the first two characters must be 'PR'.

Numeric field, up to 15 characters.

If marked, the Tax Practitioner Email address field is locked and greyed out.

Free text, up to 52 characters.

Format CCYYMMDD. The Company Representative/Public Officer's eFiling login serves as authentication for submission; if submitted at a SARS branch, the signature pad is signed instead.

All fields in this section are compulsory; complete zero (0) if not applicable. Use figures from the company's own (not group/consolidated) annual financial statements, in Rands with no cents.

Introduced from the 2017 year of assessment onwards.

Non-current assets — Long-term loans (R)

Current assets — Inventory and work in progress, net after provisions (R)

Current assets — Trade and other receivables, net after provisions (R)

Current assets — Cash and cash equivalents (R)

Other assets (R)

A debit balance (assessed loss) is entered as a negative value (e.g. -10000); a credit balance is entered as a positive value.

Non-current liabilities — Long-term loans and provisions (R)

Current liabilities — Trade and other payables, including accruals (R)

Other equity and liabilities (R)

All fields in this section are compulsory; complete zero (0) if not applicable. Use the normal accounting meaning of the terms used; if the company has no cost of sales (e.g. a property rental company), turnover and gross profit will be the same amount.

Less: Cost of sales (R)

Introduced from the 2019 year of assessment onwards.

Introduced from the 2019 year of assessment onwards. SARS pre-populates based on any IT3(b) certificate(s); can be amended upward but not reduced.

Income items — REIT distributions received (R)

Income items — Accounting profit on disposal of fixed assets and/or other assets (R)

Income items — Bad and doubtful debts recovered (R)

Income items — Dividends (local and foreign) deemed to be income (s8E and s8EA) (R)

Income items — Tainted dividends (local and foreign) deemed to be income (s22B) (R)

Income items — Levy income (R)

Income items — Government grants (national, provincial and local) (R)

Income items — Foreign exchange gain (R)

Income items — Other income (R)

Expense items — Accounting loss on disposal of fixed assets/other assets (R)

Expense items — Bad debts written off (R)

Expense items — Depreciation (R)

Introduced from the 2015 year of assessment onwards. When completed, pre-populates and locks the matching 'Donations (s18A)' add-back field in Tax Computation.

Mandatory from the 2015 year of assessment onwards; complete zero if no donations were made. When completed, pre-populates and locks the matching 'Donations — Other' add-back field in Tax Computation.

Expense items — Foreign exchange loss (R)

Applicable from the 2024 year of assessment onwards.

Expense items — Municipal charges (electricity, water, sewerage, refuse, rates and taxes) (R)

Expense items — Provision for doubtful debts (R)

Expense items — Salaries and wages, including directors'/members' remuneration (R)

Expense items — SARS interest repaid (s7F) (R)

Expense items — Repairs, maintenance, insurance, alterations and improvements (R)

Expense items — Travelling expenses (R)

Expense items — Other expenses, excluding expenses listed above (R)

All fields in this section are compulsory; complete zero (0) if not applicable. Where accounting and tax treatment differ, the full accounting amount is reversed here and the full tax treatment amount disclosed under Adjustments Allowable.

Adjustments added back — Accounting loss on disposal of fixed and/or other assets (R)

Adjustments added back — Capital expenditure and/or losses (R)

Adjustments added back — Depreciation according to financial statements (R)

Introduced from the 2015 year of assessment onwards. Pre-populated from donationsS18aExpense and locked (see VERIFICATION.md); retained as a field per this registry's precedent for declared pre-filled values.

Introduced from the 2015 year of assessment onwards. Pre-populated from donationsOtherExpense and locked (see VERIFICATION.md).

Adjustments added back — Doubtful debts (R)

Adjustments added back — Expenses attributable to exempt income and not actually incurred in production of income (R)

Applicable from the 2024 year of assessment onwards.

Adjustments added back — Non-deductible provisions (R)

Adjustments added back — Foreign exchange loss adjustment (s24I, excluding s24I(4)) (R)

Adjustments added back — Foreign exchange loss adjustment relating to debt (s24I(4)) (R)

Adjustments added back — Reversal of previous year allowances/deductions granted (R)

Adjustments added back — SARS interest repaid (s7F) (R)

Applicable from the 2024 year of assessment onwards.

Displayed as 'Taxable amounts not declared in Income Statement (incl. recoupments)' for the 2023 year of assessment and prior.

Adjustments added back — Levy income (R)

Adjustments added back — Other (only items not listed above) (R)

All fields in this section are compulsory; complete zero (0) if not applicable.

Applicable from the 2016 year of assessment onwards.

Adjustments allowable — Receipts and/or accruals of a capital nature (R)

Adjustments allowable — Reversal of provisions (R)

Adjustments allowable — Exemption i.t.o. s10(1)(yA) (R)

Adjustments allowable — Wear and tear, s11(e) (R)

Adjustments allowable — Doubtful debt allowance, s11(j) (R)

Adjustments allowable — Doubtful debt allowance, IFRS applied, s11(j)(i) (R)

Adjustments allowable — Doubtful debt allowance, IFRS not applied, s11(j)(ii) (R)

Adjustments allowable — Depreciable asset allowance, s11(o) (R)

Displayed from the 2024 year of assessment onwards. If greater than zero, the Details of Enhanced Renewable Energy Deduction — s12BA container (renewable energy type, generation capacity, total cost) displays — out of scope for this document (see VERIFICATION.md).

Introduced from the 2002 year of assessment onwards; applicable from the 2019 year of assessment onwards.

Adjustments allowable — Exempt income received or accrued in respect of government grants, s12P (R)

Adjustments allowable — Foreign exchange gain adjustment (s24I, excluding s24I(4)) (R)

Adjustments allowable — Foreign exchange gain adjustment relating to debt (s24I(4)) (R)

Adjustments allowable — Other (only items not listed above) (R)

Source code 4276. Unlike the Calculated Profit/Loss lines in this subsection (which SARS computes automatically), this line is filer-entered.