The compliance grace period is officially over. From 4 May 2026, the South African Revenue Service (SARS) has started enforcing administrative penalties for trust tax non-compliance, ending months of leniency…
Read More
For years, many South African trusts have slipped under the radar when it comes to filing obligations, reporting duties and overall compliance. SARS has warned repeatedly that this era is…
The South African Revenue Service (SARS) has historically been reluctant to approve the release of funds when resident trusts distribute to non-resident trusts. However, following numerous enquiries on this matter,…