by Evolve Audit & Advisory | 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 Evolve Audit & Advisory | 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 Evolve Audit & Advisory | 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.”...
