Customs IT14SD reconciliation 

An IT14SD is a supplementary declaration for companies.

The IT14SD is intended to reconcile VAT 201 returns, import and export customs declarations and an employee’s tax declaration, for the same period as the income tax return.

From Customs perspective - the purpose of an IT14SD is to:

Identify the understatement of imported (foreign purchases) goods and/or overstatement of exported (foreign sales) goods.

The Customs IT14SD reconciliation is, in our experience, the most challenging for most of the client that we service. This, in the main, is due to the fact that the customs and excise function is usually outsourced to customs brokers, with limited to no knowledge being housed within an entity.

Our role is to demystify the Customs IT14SD reconciliation by making it practical and easy to comprehend, enable the user to leverage the process to identify areas of non-compliance as well as opportunities.

At the end of this training, you will have a thorough understanding of the enabling legislative framework as well as how to prepare a Customs IT14SD reconciliation.

This extends to understanding areas where the most common challenges are experienced when preparing a Customs IT14SD reconciliation. It also includes a guide on how to identify possible reconciling items.

Practical examples will be provided on how to complete a Customs IT14SD reconciliation.

The webinar will contribute to 2 hours CPD/CPE.


R690.00 (inclusive of VAT) / R600.00 (exclusive of VAT)