If you are a provisional taxpayer or a trustee of a trust, you must make sure that your income tax return is filed by the end of Monday.
Sars is reminding individuals who are provisional taxpayers and trusts that Monday is the deadline for filing their annual income tax returns for the 2024 tax year. The 2024 year of assessment refers to the period between 1 March 2023 and 29 February 2024.a provisional taxpayer is anyone who receives income or to whom income accrues, other than remuneration, while a trust is included under the definition of a “person” in terms of the Income Tax Act and is therefore regarded as a taxpayer.
“The trustees are the “representative taxpayer” of a trust and are legally liable in their official and personal capacity for meeting its tax obligations, even when using a tax practitioner to administer the tax affairs of the trust on their behalf. Sars will hold all the trustees of a trust jointly and severally liable for the tax non-compliance of trusts.”
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