ITR14 Late Submission: Company Tax Penalties & Resolution

ITR14 Late Submission: What Companies Need to Know

Companies registered for income tax in South Africa must submit an ITR14 return within 12 months of the end of their financial year. If the ITR14 is submitted late, SARS will impose an administrative non-compliance (ANC) penalty under Section 210 of the Tax Administration Act.

Company penalties tend to be higher than individual penalties because companies typically fall into higher income brackets.

ITR14 Deadline

The ITR14 must be submitted within 12 months of the end of the company's financial year. For example, if your company's financial year ends on 28 February 2026, the ITR14 is due by 28 February 2027.

SARS may also issue a specific return submission notice with a different deadline. Always check your eFiling profile for the exact due date.

Penalty Amounts for Companies

Companies are often in higher income brackets, resulting in larger monthly penalties. For example:

• A company with taxable income of R3,000,000 faces a penalty of R2,000/month
• A company with taxable income of R8,000,000 faces a penalty of R4,000/month
• A company with taxable income of R30,000,000 faces a penalty of R8,000/month

Use our ANC Penalty Calculator to calculate the exact penalty for your company.

Resolving Outstanding ITR14 Returns

• File the ITR14 immediately — even if the financial statements are not yet finalised, consider filing a provisional return to stop the penalty accumulating.
• Ensure your company is tax compliant — outstanding ITR14 returns can affect your company's tax compliance status, which impacts your ability to get tax clearance certificates.
• Request remission — apply under Section 217 if there are reasonable grounds for the late submission.