Trustees must act swiftly to submit their 2024 and 2025 income tax returns to the South African Revenue Service (Sars) by May ...
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SARS reminds trusts to file income tax returns
SARS reminds trusts to file income tax returns The South African Revenue Service (SARS) has urged all trusts registered in South Africa to submit income tax returns for every year of assessment, in ...
Once the Master has issued a written confirmation of termination, trustees should then approach SARS to deregister the trust for income tax purposes,” the statement noted.
Non-compliant trusts are the latest group of taxpayers who will be facing potentially punitive administrative penalties in ...
SARS says time is up for non-compliant trusts in South Africa, with recuring penalties kicking off in May 2026.
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