19/05/2026
2026 TAX DEADLINES
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19/05/2026
2026 TAX DEADLINES
25/02/2026
BUDGET SPEECH 2026-2027
12/02/2026
SARS GIVES FINAL WARNING TO TAXPAYERS!
The South African Revenue Service (SARS) has issued final letters of demand to trusts that did not submit annual tax returns for the 2024 and 2025 years of assessment.
The next step will be to issue the necessary public notices to impose administrative penalties and fines on these taxpayers.
SARS said that receiving a final demand requires urgent action from the recipients, as ignoring them will lead to an escalation of penalties.
This obligation is an operation of law and is applicable to every registered resident trust, without exception, and certain qualifying non-resident trusts.
Trustees are solely responsible for obtaining, maintaining, and updating accurate trust information.
This includes initiating de-registration processes for trusts that meet the applicable criteria.
The rapid escalation of SARS action reflects the revenue services' years-long push to 'aggressively encourage' tax compliance in the country.
Source: BusinessTech
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