Important Update for Trusts: New IT3(t) Submission Requirements
/All trusts, including dormant ones, are now required to submit an IT3(t) form. This requirement is similar to the submission of IRP5s and IT3(b) forms, where the information will be pre-populated on your income tax return.
This change aims to streamline the reporting process and ensure that all financial activities within trusts are accurately recorded and reported to SARS.
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