Sars has its eye on the application of attribution rules in trusts
Trusts that have failed to comply with the rules are exposed to penalties and fines.
A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.
Read moreTrusts that have failed to comply with the rules are exposed to penalties and fines.
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.