Overview 

South African trusts are facing increased scrutiny from South African regulators. To improve tax collection, SARS introduced new tax compliance measures, along with additional ITR12T disclosures that include information about payments made to beneficiaries. In addition, amendments to the Trust Property Control Act of 1988 were introduced to regulate the disclosure of beneficial ownership to the Master of the High Court.

Join Jako Liebenberg on 28 November 2023 from 10:00 a.m. to 12:00 p.m. as he breaks down the complex nature of trusts for your full understanding.    

Learning objectives

Attending this webinar will equip you with the following skills:

• A comprehensive understanding of the current regulatory landscape affecting South African trusts.
• Insight into the latest amendments to the Trust Property Control Act 57 of 1988.
• Updates on the beneficial ownership reporting requirements for SARS and the Master of the High Court.
• The competence to accurately complete the ITR12T trust tax return.    
• The competence to assist trustees in complying with trust administration regulations. 

Content

The webinar will cover the following topics: 

• Overview of New Beneficial Ownership Disclosure Requirements.
  • What information must be disclosed to the Master's Office.
  • Who qualifies as a beneficial owner?
  • Deadline and format for disclosure.
  • Penalties for non-compliance
• IT3(t) Reporting Obligations to SARS.
  • Current ITR12T return disclosure.
• Practical Guidance: Q&A Discussion.
  • Addressing specific issues and concerns in practice.

Obtaining your CPD certificate

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.

All attendees are issued with a CPD certificate available in an online profile.  

About the presenter

Jako Liebenberg CA(SA)

Jako Liebenberg qualified as a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012. 

Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice. Jako is also a registered SAICA assessor for Trainees. 

Who should attend?

The following persons will benefit from attending this webinar:

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
• Trust administrators. 
• Tax practitioners.
• Trust accountants.

Price           

• R 450.00 - Online admission - Individual.
• Group Price 1 - From R184 per person (up to 5 users)
• Group Price 2 - From R121 per person (up to 10 users)
• Group Price 3 - From R109 per person (over 11 users)

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.

Additional material

By attending this webinar you will be provided with:

• A summarised slide presentation.
• Reference documents and/or course material where available.
• You can ask questions during the webinar and you will also have access to the presenter after the webinar.

Corporate training solutions

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.

Contact us

Have any questions or need any assistance? Contact us today!

• Online chat through our website.
• WhatsApp: Start chatting (+27635026114)
• Phone: 010 593 0466
• E-mail: [email protected]