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New SARS channel to register a trust

SARS has launched an online functionality for the registration of trusts for income tax purposes via the SARS Online Query System (SOQS). Trustees, representative taxpayers, and registered representatives can now not only register a trust for income tax purposes, but also submit any supporting documents online.

SARS aims to make it easier for taxpayers to have a seamless experience when interacting with SARS in a digital environment rather than visiting a SARS branch for trust tax registration.

For more info, visit:

If you need the detail process first before going to the online registration link, you can see the updated Guide on how to use the SARS Online Query System, and scroll to the trust section.

View here our Trust Beyond 2021 on-demand series that provides a full perspective on the critical legal and governance aspects to be considered by the various parties involved in trusts.

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