Preparing for your Financial Year End

Before submitting your last return on eFiling for the Financial Year…

This comprehensive guide will assist you to have all your returns to SARS correctly reconciled, before your Annual Financial Statements (AFS) is finalised. Please ensure that all reconciliations below are in balance, before submitting your last return for the Financial Year in eFiling (to SARS).

The following are extracts from the IT14SD return that SARS can request to substantiate your Income Tax IT14-return figures to your AFS, using the Source documents as discussed below.

If your return has been flagged for an audit, SARS will issue a letter requesting the IT14SD return.

The taxpayer must complete fields from the source documents on the IT14SD form, and give explanation of any differences there might be.

See full document below…

IT14SD reconciliation

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