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IOL: “Real-time” reporting on trusts to SARS? Maybe

Trusts expert Phia van der Spuy looks at trusts through the lens of their largely unregulated status and makes the point that the courts and SARS are and will be expecting stricter compliance.

In July 2021, SARS held a webinar on Trusts and Tax Obligations, setting out nine objectives which Phia mentions below. SARS will be asking trustees for regular reporting and it is not too far-fetched that this could in due course be in ‘real time.’

Phia is a member of FISA, FPSA® and Founder of Trusteeze.

Read this article here.


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