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Filter: SARS
SARS raises the penalty bar

04 March 2026,  Dr Candice Reynders

Claiming a bona fide error may soon be far more difficult.

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2108
Article
2026: The year to get your trust administration in order

04 February 2026,  Elani Volschenk

With tighter enforcement and rising penalties, now is the time to address trust compliance gaps before they become costly problems.

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2248
Article
Trusts firmly in SARS’s crosshairs

16 January 2026,  Elani Volschenk

SARS is tightening its focus on trusts, with penalties for non-compliance set to take effect in 2026.

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2736
Article
Tax transparency matters: Are your deals reportable?

24 November 2025,  Dr Candice Reynders

Some deals come with hidden reporting duties. Find out when your transactions could trigger SARS disclosure rules.

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1999
Article
SARS turns up the heat on wealth reporting

12 November 2025,  Tanya Strauss

High-net-worth individuals are now required to declare their full balance sheets, local and offshore.

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Article
Owing SARS money? Here’s what you need to do

30 June 2025,  Shené Potgieter

Owe SARS more than you can pay? You might be able to negotiate your way out of it—legally. Learn how... a compromise could offer a second chance.

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6210
Article
New SARS reporting puts trusts under the microscope

31 March 2025,  Elani Volschenk

SARS has issued stern warnings to trustees to ensure the accurate and honest submission of trust tax returns and made... it abundantly clear that trustees can no longer shift the responsibility of managing a trust’s tax affairs entirely to tax practitioners. This article aims to guide trustees on SARS’ latest tax reporting requirements. 

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3570
Article
The taxes applicable to a deceased estate

29 May 2024,  André van Niekerk, Tebello Setleko

When a person passes, their estate must be reported to SARS and so becomes a new taxpayer with various taxes... applicable. If the deceased had foreign assets, international taxes may also apply. The executor of the deceased estate is responsible for handling all tax matters related to the deceased estate, which can become quite complex, depending on the nature of the estate. In this article, we look at some of the most important taxes applicable to a deceased estate.

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15404
Article
Three’s a crowd? SARS, Trusts and Beneficial Ownership

22 April 2024,  Dr Candice Reynders, Elani Volschenk

The General Laws Amendment Act 22 of 2022 (“Amendment Act”) promulgated as part of legislative framework changes by South Africa... to curb money laundering, has introduced key changes to the trust environment, requiring extensive beneficial ownership and other reporting by trusts. SARS is also aligning its tax and data collection imperative with these changes by requiring similar reporting as part of trust tax submissions. In this article, we review the impact of these changes on trusts.

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5973
Article
Income Tax Act: Keep an eye on the definition of 'exchange item’

22 April 2024,  Tanya Strauss

In the recent 2024 National Budget speech, Finance Minister Enoch Godongwana made mention of a possible change to the definition... of an “exchange item” for determining taxable exchange gains given that certain financial arrangements are eroding the tax base due to a mismatch in exchange losses and gains when it comes to taxable income.

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5256
Article
Tax collection efficiency trumps wealth taxes in the short-term

22 April 2024,  Tanya Strauss

Speculation surrounding the introduction of formal wealth taxes in South Africa has subsided for the time being. The South African... Revenue Service (SARS) appears to have reconciled itself to the recommendations outlined in the "Feasibility of a Wealth Tax in South Africa" Report by the Davis Committee, which underscores deficiencies in wealth information and tax collection as requiring attention and not necessarily additional ‘wealth taxes’ in the short term. SARS's intensified focus on collecting clearly indicates its intentions to address this information and tax compliance gap.

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3243
Article
New SARS beneficial ownership disclosures when filing your trust tax returns

29 November 2023,  Elani Volschenk

Trustees should take note of additional requirements relating to the filing of provisional Trust tax returns in January 2024 as... SARS climbs on the beneficial ownership reporting train.

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6788
Article

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