S V V Tax Incorporated

01/05/2026

How are Trust penalties applied?

When SARS issues a Final Demand, trustees have 21 business days to submit the outstanding return. If not submitted, monthly administrative penalties begin and can continue for up to 35 months, creating unnecessary financial strain.

bit.ly/3Qgeu1t

30/04/2026

10/04/2026

Media Release: Trust Deregistration and Tax Compliance

SARS reminds all Trusts registered in South Africa that, in terms of tax legislation, they are required to submit Income Tax Returns for every year of assessment ... https://bit.ly/4c9tx5T

06/04/2026

Trusts Under Pressure: SARS Issues Final Demands

Trust compliance is tightening — and quickly.

The South African Revenue Service has begun issuing final demands for outstanding 2024 and 2025 trust tax returns.

Administrative penalties are now actively being enforced

What You Need to Know

• Final demands generally allow 21 business days to submit outstanding returns
• Monthly administrative penalties are already being applied
• This applies to all trusts, including dormant and passive trusts
• Trustees are responsible for ensuring accurate RAV and registered representative details
• Penalties continue to accrue until compliance is achieved.

Why This Matters

Even if a trust is inactive, the obligation to submit annual returns remains.

Non-compliance may result in ongoing penalties, increased SARS scrutiny, and delays in estate or trust administration. Trustees also carry fiduciary responsibility for ensuring compliance.

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What You Should Do Now

• Identify all trusts with outstanding returns
• Review and update RAV profiles
• Submit returns as soon as possible
• Understand and communicate penalty implications
• Seek professional assistance where required

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How SVV Tax Can Assist

SVV Tax Incorporated provides support with trust tax compliance, including return submissions, IT3(t) reporting, SARS correspondence, and pena

Compliance is no longer passive. It is monitored, enforced, and carries financial consequences if ignored.

02/04/2026

Thank you, South Africa

SARS Commissioner expresses sincere appreciation to all South Africans as SARS crosses the historic R2 Trillion milestone in net revenue collection for 2025/26... https://www.sars.gov.za/thank-you-sa-2026/

02/04/2026

Media Release: Appointment of Dr Ngobani Johnstone Makhubu as SARS Commissioner

SARS Commissioner, Mr. Edward Kieswetter, warmly welcomes the appointment of Dr Ngobani Johnstone Makhubu as the new SARS Commissioner from 1 May 2026, for a period of five years ... https://bit.ly/4sO67Zx

31/03/2026

ICYMI: The SARS Budget 2026 FAQs answer all your questions on tax related changes. Stay informed.
https://bit.ly/3Nipn1U

31/03/2026

19/03/2026

Latest Monthly Tax Digest Newsletter is Out!

Stay up to date with the March 2026 edition. Read about why it’s essential to declare your taxes accurately and pay on time. Also read about payment arrangements and compromise agreements. Stay compliant! https://bit.ly/4uHOMCY

16/03/2026

📢 WE ARE HIRING | DECEASED ESTATES TAX ADMINISTRATOR

📍 Location: Table View, Cape Town

SVV Tax Incorporated is looking for a detail-oriented Deceased Estates Tax Administrator to join our growing Deceased Estates Tax Department.

This position is suited for an individual with experience in tax compliance and SARS processes, particularly within a professional tax or accounting environment.

Key Responsibilities

✔ Managing tax compliance for deceased estates
✔ Preparing pre-death, date-of-death, and post-death tax returns
✔ Assisting with Capital Gains Tax (CGT) schedules and tax analyses
✔ Liaising with SARS, executors, attorneys, and financial institutions
✔ Preparing and organising SARS submission packs
✔ Monitoring SARS correspondence, verifications, and audits
✔ Maintaining organised and compliant estate files through to finalisation

Minimum Requirements

• 2–3 years tax experience in a tax practice, accounting firm, or related environment
• Knowledge of SARS tax processes and compliance requirements
• Strong organisational and administrative skills
• Professional communication skills
• Ability to work in a structured and deadline-driven environment

📩 To apply:
Please send your CV to [email protected]