Attention South African Company Shareholders! Starting with the 2023 company tax return submissions (IT14), there's a significant change. Companies will now need to provide comprehensive details of all personal shareholders and secretaries to SARS.

This includes full names, ID numbers, personal tax numbers, and contact information. This move is likely SARS' strategy to penalize shareholders not filing personal provisional tax returns and to cross-check any undeclared income, expenses, or loan accounts. Stay informed and compliant!

#SARS #ShareholderInfo #StratFinn #TaxUpdate #CompanyTax2023

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