Sars has its eye on the application of attribution rules in trusts
Trusts that have failed to comply with the rules are exposed to penalties and fines.
The investigation into the Road Accident Fund has uncovered a significant rise in default judgments, accumulating to R4.7 billion from 2018 through the second quarter of 2023.
Trusts that have failed to comply with the rules are exposed to penalties and fines.
What tax professionals should do if they unintentionally find themselves on the wrong side of Sars.