SARS Trust Penalties Are Now a Reality

Reading Time: 5 minutes The End of Leniency for Trust Non-Compliance For many years, trust compliance in South Africa operated in an environment of inconsistent SARS enforcement. Late filings were often met with warnings or discretionary penalties, but that era has...

Beneficial Ownership Reporting and SARS Data Sharing

Reading Time: 5 minutes Beneficial Ownership Reporting Is Not a Formality Since May 2023, all companies and close corporations in South Africa have been required to submit Beneficial Ownership information to the Companies and Intellectual Property Commission. For many...

SARS VAT Modernisation and the Shift to Real Time Compliance

Reading Time: 5 minutes The End of Period-based VAT Compliance SARS is accelerating its VAT Modernisation Project, signalling a decisive shift toward real time data transmission, automation and enhanced transparency. This development forms part of a broader digital...
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