South African company tax
Make the ITR14 workpaper agree with the close.
Prepare company-first lots, treatment decisions, ITR14 and IRP6 workpapers and a tax-reserve bridge from the same reviewed events.
Practitioner-gated product slice
- Policy
- Revenue/capital and lot treatment stays approved.
- Lineage
- Event → lot → calculation → workpaper field.
- Version
- Rules, rates and scenarios remain named.
Software calculation, named human judgement
Normal South African income-tax rules apply to crypto assets. Facts and existing law determine whether an amount is revenue or capital; ChainClose does not silently decide that question.
- Separate company policies and calculations from individual/trust rules.
- Record ambiguous treatment proposals and independent decisions.
- Reconcile tax workpapers back to released accounting evidence.
- Preserve scenarios as adviser-review calculations, not advice.
Release boundary
Current rate/form packs and seeded fixtures require independent South African tax-practitioner approval before customer reliance. ChainClose does not file a return or represent a taxpayer to SARS in the current scope.
Official sources
External references used for the factual and regulatory context on this page.