IT3(t) Submissions: A Practical Approach for Tax Professionals
Duration: 2 hours
Price: R195.00
IT3(t) Submissions: A Practical Approach for Tax Professionals
Presenters : Carmen Westermeyer
Overview
The IT3(t) submission process has become a key focus area for SARS, forming part of its strategy to improve tax compliance through the use of third-party data. With SARS increasingly prepopulating individual tax returns using this data, accurate and timely IT3(t) submissions are more critical than ever. As we enter the second year of mandatory IT3(t) submissions, tax practitioners face evolving requirements, new technical challenges, and additional governance expectations. This video is designed to help you navigate both the foundational requirements and the latest developments, ensuring you are well-prepared for successful submissions.
Video Content
In this practical video, Carmen Westermeyer and Mandy Graaf guide you through:
- A refresher on the core IT3(t) submission requirements
- Updates and key changes from the first year of submission to the current year
- Governance documentation required, including distribution resolutions
- A comparison of submission portals and selecting the most suitable platform
- Technical considerations and common system issues to be aware of
- Best practices to ensure reconciliation of tax return data for donors, trusts, and beneficiaries
- SARS’s use of IT3(t) data in prepopulating individual tax returns — what this means for practitioners
Competencies Developed
After attending this video, delegates:
- Understand both foundational and updated IT3(t) submission requirements
- Are able to accurately prepare and reconcile the necessary financial and governance data
- Identify and resolve common submission challenges and technical errors
- Choose and navigate the appropriate submission platform
- Recognise the importance of IT3(t) data in SARS’s broader compliance and prepopulation strategies
- Gain practical insights to improve accuracy, efficiency, and compliance in handling IT3(t) submissions