Trusts are facing a multitude of new reporting requirements
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.
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 moreTrustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.