Sars announces significant changes to the treatment of trusts

By Phia van der Spuy | Published Jul 9, 2023

Tax season officially kicked off this week, and the South African Revenue Service (Sars) recently issued a communication on all the form and system changes applicable to trusts from 23 June, which trustees and trust service providers need to take note of. Filing period for non-provisional taxpayer trusts closes on 24 October 2023. Provisional taxpayer trusts - opens from 7 July 2023 and closes on 24 January 2024.