INCOME TAX

Return: ITR

Threshold/Taxpayer: All Corporate

Submission: E-filing - Link: https://www.sarsefiling.co.za/

Form:

Guidance: https://www.sars.gov.za/types-of-tax/corporate-income-tax/completing-an-itr14/

Language: English

CBCR (Country-byCountry Reporting)

Notification: on IT14 return (see above)

Return: CBC01 or Reportable File (XML)

Threshold/Taxpayer: The Ultimate Parent Entity (UPE), resident in South Africa, of an MNE Group with a total consolidated group revenue of R10 billion or more during the Fiscal Year immediately preceding the Reporting Fiscal Year, as reflected in its Consolidated Financial Statements for such preceding Fiscal Year.

Submission: E-filing - Link: https://www.sarsefiling.co.za/

Deadline: no later than 12 months after the last day of the Reporting Fiscal Year of the MNE Group.

Form: Find on e-filing

Guidance: https://www.sars.gov.za/types-of-tax/corporate-income-tax/country-by-countrycbc/

Guidance Document:

Language: English

MASTER FILE AND LOCAL FILE

Return: Master file and Local file

Threshold/Taxpayer:

• The Ultimate Parent Entity (UPE), resident in South Africa, of an MNE Group with a total consolidated group revenue of R10 billion or more during the Fiscal Year immediately preceding the Reporting Fiscal Year, as reflected in its Consolidated Financial Statements for such preceding Fiscal Year.

• Any MNE Entity with potentially affected transactions for the year of assessment, without offsetting any potentially affected transactions against one another, that exceeds or is reasonably expected to exceed R100 million, is required to file a local file and may also be required to file a master file.

Submission: E-filing - Link: https://www.sarsefiling.co.za/

Deadline:

• A UPE or other MNE entity that must file a CbC Report, master file and local file must file no later than 12 months after the last day of the Reporting Fiscal Year of the MNE Group.

• An MNE entity that must only file a local file (and master file) must file no later than 12 months after its year of assessment.

Form: Find on e-filing

Guidance: https://www.sars.gov.za/types-of-tax/corporate-income-tax/country-by-countrycbc/

Language: English