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We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.
In this alert:
SARS’ administrative non-compliance penalties for trusts: What trustees and tax practitioners need to know
The South African Revenue Service (SARS) has commenced imposing administrative non-compliance penalties on trusts that have failed to submit their income tax returns (ITR12T).
Following stakeholder notices issued in February and March 2026, SARS began issuing penalty assessment notices (AP34) from 4 May 2026 to trusts with outstanding ITR12T returns for the 2024 year of assessment onwards. Penalties are recurring monthly and can range from R250 to R16,000 per month, depending on the trust’s taxable income. Trustees and tax practitioners should act promptly to regularise any non-compliance.
The below Alert provides further detail on this matter.
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