Vatco Consulting Services
File Business Income Tax Returns with Ease – Let Vatco Take Care of It
We help companies and close corporations file their annual income tax returns (ITR14) with SARS accurately, on time, and in full compliance with South African tax laws.
Providing Quality Services
with Experienced Consultants
1. Schedule A Consultation
Visit our website and schedule a consultation with one of our experienced accountants.
2. Discuss Your Financial Goals
Our team will sit down with you to discuss your financial needs and goals, and develop a customized plan to achieve them.
3. Watch Your Business Thrive
We’ll work with you to implement the plan and ensure that your business is thriving financially.
Contact us at the Vatco nearest to you or submit a business inquiry below.
- VAT Registration
- Tax Clearance Certificate
- PAYE Registration
- Income Tax Registration
- Tax Compliance Status Pin
- Customs Code Registration
- Provisional Tax Returns (IRP6)
- Personal Income Tax Returns
- Business Income Tax Returns
- Tax Directives Application
- EMP201 & EMP501 Submissions
- Tax Debt Negotiation & Payment Arrangements
- Public Officer Activation
- Trust Income Tax Registration
- PBO Registration
- Bonded Cargo Registration
- Remover of Goods in Bond
What Are Business Income Tax Returns?
Business income tax returns (ITR14) are annual submissions made to the South African Revenue Service (SARS) by registered companies and close corporations. These returns report your company’s income, expenses, and overall financial position for the year and determine the tax owed to SARS.
Every registered entity — even if it made no income — must file an ITR14 return. At Vatco, we manage the entire process from financial document review to final submission, ensuring your business remains compliant and avoids costly penalties.
Prevent Penalties & Audits: Avoid late submission fines and SARS scrutiny.
Ensure Accurate Reporting: We align your return with supporting financials and SARS rules.
SARS eFiling Compliance: We file through the correct SARS channels and systems.
Save Time & Effort: Let professionals handle the paperwork while you focus on your business.
✅ Review of financial statements and supporting documents
✅ Preparation and submission of ITR14 via SARS eFiling
✅ Calculations of taxable income and provisional tax offset
✅ Supporting schedules and working papers for SARS
✅ Post-submission follow-up and audit support (if needed)
All private companies (Pty Ltd)
Close corporations (CCs)
Non-profit companies
Dormant companies (zero turnover still requires a NIL return)
Step-by-Step: How Vatco Assists
Initial Review: We check your company’s tax profile and previous filings.
Document Collection: We collect financials, trial balances, and tax schedules.
ITR14 Compilation: We compile and complete the ITR14 return through SARS eFiling.
Submission & Confirmation: We file your return, confirm delivery, and address immediate feedback from SARS.
Post-Filing Support: We assist with audit queries, corrections, and compliance letters.
Signed annual financial statements
Trial balance and general ledger
Provisional tax payments (IRP6 returns)
Details of directors and shareholders
Income and expense breakdowns
Company registration and tax numbers
📄 Trusted Sources
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Frequently Asked Questions
FAQs: Business Income Tax Returns
1. What is an ITR14 return?
It’s the annual income tax return for registered businesses, required by SARS.
2. When is the due date for business tax returns?
Usually within 12 months after your company’s financial year-end.
3. What happens if I don’t file?
SARS can impose penalties, interest, issue compliance warnings, or even deregister your business.
4. Does a dormant company need to file?
Yes. Even companies with no income must submit a NIL return annually.
5. Can I use accounting software to file ITR14?
No. ITR14 must be filed through SARS eFiling using their corporate tax platform.
6. What is needed for accurate filing?
Up-to-date financial statements and supporting schedules. Vatco ensures these are in order.
7. Can I file manually?
SARS requires online submission of ITR14. Manual submission is no longer accepted.
8. Can Vatco help with backdated returns?
Yes! We assist with historic filings, SARS disputes, and restoring compliance status.
