by Bionic Chartered Accounting | Jun 26, 2026 | Trusts
“All trusts established in South Africa are required to register with SARS, regardless of whether they have any transactions or income.” (SARS) When Mr and Mrs J set up a Type-A special trust for their eldest son, who is intellectually challenged, their...
by Bionic Chartered Accounting | May 27, 2026 | Tax, Trusts
“Trustees are reminded that compliance is mandatory, and non-compliance can result in fines and penalties.” (SARS) SARS has significantly increased its scrutiny of trust administration. What’s more, from the beginning of May 2026, automated administrative...
by Bionic Chartered Accounting | Sep 27, 2023 | Accounting, Tax, Trusts
“The common assumption is that trusts are some kind of tax panacea…Then, conversely, from a South African Revenue Service (SARS) perspective, trusts are viewed with a degree of suspicion and mistrust. [T]he truth lies somewhere between these positions.”...
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