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Dividends Tax and IT3 changes​

30 April 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

Changes came into effect on 26 April 2014 that will enhance Dividends Tax and Third Party Data submissions.

What's New? 

  • 29 April 2014 – IT3(b), IT3(c), IT3(e) data submission – Correction of submitted data (IT3-01)

A maximum of 20 IT3(b), IT3(c), IT3(e) data submissions on the IT3-01 form can now be submitted via the eFiling channel. Furthermore these data submissions can also be revised on the channel. Please be reminded that when revising your data submitted on the IT3-01 form, ensure that the record status field is selected as either "Correction” or "Deletion”  across the sections of the form. 

  • 29 April 2014 - Changes to Dividends Tax and IT3

In an effort to improve our service delivery, we have identified and addressed a number of practical and administrative issues since the inception of Dividends Tax and introduction of the Third Party Data submission platform resulting in enhancements which came into effective from 26 April 2014. The good news for taxpayers is that the maximum rate for certain oil and gas profits has been significantly reduced. Also, a late rebate claim can now result in a refund and six new exemptions have been added allowing more categories of taxpayers to be exempted from paying Dividends Tax. In terms of IT3 data submissions, the implementation of changes on this date will enable SARS to close any gaps that were experienced in processing data since the new data submission platform and file format were introduced. 

Please click here to read more on the changes on Dividends Tax and IT3.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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