Tag Archives: tax return on trusts

New income tax return for trusts

New income tax return for trusts

What is the new income tax return for trusts? SARS has improved the Income Tax Return for Trusts. The old form was redesigned and automated. The new form will be called the Income Tax Return for Trust (ITR12T). Since when is it in effect? The new form came into effect on 6 October 2014. SARS also stated that they will not accept the older forms. Manually completed IT12TRs: All IT12TRs received at a SARS branch or by post, including a SARS drop box, will not…

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