Reminder: IT3(t) submission for Trusts

Reminder: IT3(t) submission for Trusts

• 26 August 2025
• Tax
• South African Accounting Academy

Summary:
Entities / Trustees that handle the distributions or payments to beneficiaries must submit the IT3(t) for Trusts by 30 September 2025.

Article:

The IT3(t) is a tax declaration specifically designed for trusts. It requires the reporting of financial information related to distributions, income, and other transactions to ensure accurate and transparent tax reporting.

This SARS webpage also sets out the five steps to prepare your submission file.

Refer to the SARS BRS at https://www.sars.gov.za/sars_external-brs_2022_it3s_v4-0-0t-9/ 

Click here to access more information on the webpage:

https://www.sars.gov.za/businesses-and-employers/third-party-data-submission-platform/it3-data-submission/

Relevance to Auditors, Independent Reviewers & Accountants:

• The Income Tax Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with.  If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
• Entities / Trustees that handle the handle the distributions or payments to beneficiaries must submit the IT3(t) for Trusts by the deadline date.

Relevance to Your clients:

• Entities / Trustees that handle the handle the distributions or payments to beneficiaries must submit the IT3(t) for Trusts by the deadline date.

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