This practical session is designed for tax practitioners, accountants, trustees, and trust administrators who need to understand the latest trust compliance requirements applicable to the 2026 filing season.
The session will cover the latest SARS trust filing requirements, IT3(t) submissions, beneficial ownership obligations, Master’s Office compliance, administrative penalties, and a practical step-by-step walkthrough of the ITR12T return on eFiling.
Introduction to the 2026 Trust Filing Season
• Overview of the current SARS trust compliance environment
• Increased focus on trust, compliance
• FATF implications and regulatory pressure
• SARS and Master’s Office alignment initiatives
• Overview of trustee responsibilities
Understanding the Trust Filing Periods
• 2026 filing season deadlines
• ITR12T filing periods
• Provisional tax obligations
• Supporting document submission deadlines
• Important SARS deadlines practitioners must monitor
Trustees as Third-Party Data Providers – IT3(t)
• IT3(t) reporting
• Why trustees became third-party data providers
• Trust reporting obligations to SARS
• Common IT3(t) mistakes
Beneficial Ownership Requirements
• Who qualifies as a beneficial owner?
• Beneficial ownership obligations for trusts
• Master’s Office reporting requirements
• SARS beneficial ownership requirements
Changes to the ITR12T Return
• Overview of recent SARS trust changes
• Completing the Trust Return Wizard
Section 7C & Loan Account Implications
• Interest-free and low-interest loan implications
• Deemed donations
• Donations tax consequences
Administrative Penalties Applicable to Trusts
• New administrative penalties introduced by SARS
• AP34 penalty assessments
• Monthly recurring penalties
Tax practitioners, accountants, and trust service providers who want to equip themselves to assist or advise their clients regarding trust filing season on the latest form and system changes (Completion of the ITR12T, with the requirements to submit beneficial ownership information and IT3(t)’s).
