In this edition of Personal Finance, trust expert Phia van der Spuy, writes about recent changes, which result in the tax practitioner now having to submit a list of information to the South African Revenue Service (Sars) with the trust tax return.
With the tax practitioner often having no involvement in the management of the trust, this may leave them in a difficult position, without the required information to submit with the tax returns.What are the implications?
Read the piece here.
Phia is a CA with a Masters degree in tax, an FPSA®, a Chartered Tax Adviser, a Trust & Estate Practitioner and the founder of Trusteeze, the provider of a digital trust solution.