Tax Practice: On the Move - Trusts and wealth

Plan your calendar and activities around trust-related submissions to SARS

What we'll cover

In the past, trusts were not a priority in the tax submission calendar. On average, they were up to seven years behind in submitting annual tax returns. With SARS now placing increased focus on high-net-worth individuals and trusts, it's more important than ever to have your affairs in order. Learn how to plan and ensure proper cross-balance between different submissions to SARS.

Why attend?

SARS has introduced administrative penalties for the late submission of trust tax returns, is using AI to identify when resolutions were prepared, and is cross-checking information across multiple submissions. The growing number of verification letters being issued highlights SARS's commitment to ensuring tax returns are submitted accurately and honestly.