IT3(t) submission for Trusts - Deadline 31 May 2025

Price:
R598.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Jeanmari van der Schyff
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Our goal for this session is to ensure that all your questions that came up during the 2024 IT3(t) submissions for trusts are answered. We understand the uncertainties that arose and are committed to addressing them.

Content:

  • Working through the e-filing submission process.
  • FAQ from previous sessions and from SARS.
  • Should trusts with no distributions to beneficiaries submit a null return?
  • Will SARS raise penalties and interest for late or no submissions?
  • What should be included in the financial flows section of the return?
  • What submission platform to use? eFiling, Connect Direct, or HTTPS?
  • Errors when trying to activate the IT3 tax type.
  • Trusts with foreign beneficiaries.

The session's primary focus is on e-filing submissions, a crucial aspect of the trust submission process.

We will also provide insights into the Direct Connect and HTTPS submissions, ensuring you are well-prepared for any submission method.