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South Africa Updates Guide on Tax Return for Companies Including Additional Guidance on Beneficial Ownership Reporting

23 April 2025

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Approved Changes

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South Africa

The South African Revenue Service has published an updated guide on How to complete the Income Tax Return ITR14 for Companies, including additional guidance on the reporting of beneficial ownership. --- Update to Corporate Income Tax Guide 22 April 2025 – The Corporate Income Tax Guide has been updated to include additional clarity on Beneficial Ownership. As a member of the Financial Action Task Force (FATF), South Africa is committed to implementing measures that ensure the availability of adequate, accurate, and timely information regarding the beneficial ownership and control of legal persons and arrangements. In line with this commitment, SARS...