South Africa: Changes to corporate income tax return relating to R&D tax incentive
South Africa Revenue Service (SARS) introduced changes to the corporate income tax return (ITR14)
The South Africa Revenue Service (SARS) on September 16, 2024, introduced several changes to the corporate income tax return (ITR14) relating to the research and development (R&D) tax incentive, including the addition of a qualification question for the R&D deduction under the “Tax Allowances / Limitations” section, that reads: “Was the approval for scientific or technological research and development previously granted ever withdrawn?”
Read a September 2024 report prepared by the KPMG member firm in South Africa