@soundmoney_coach: SARS is tightening the screws on South African trusts, including dormant trusts that failed to submit tax returns for years. Administrative penalties are now being automated, and some cases go back nearly a decade. If you have a family trust, business trust, or dormant trust, this is not something to ignore. ⸻ Disclaimer This content is for educational and informational purposes only and does not constitute tax, legal, or financial advice. Please consult a registered tax practitioner, accountant, or legal professional regarding your specific situation. ⸻ What This Means for Trust Holders * Dormant trusts are no longer “invisible” to SARS. * Non-submission penalties can accumulate monthly. * Trustees may face personal liability in certain cases. * SARS is increasingly using automated systems and third-party data matching. * Wealth preservation without compliance is becoming a major risk. * The new economy rewards financially educated and compliant individuals, not just wealthy individuals. ⸻ #SARS #TrustFunds #TaxCompliance #SouthAfrica #FinancialEducation

soundmoney_coach

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Thursday 28 May 2026 04:12:38 GMT

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Comments

JP :

thanks very much brother

2026-05-28 05:41:22

penhigh77 :

Wow 😳

2026-05-28 09:22:37

Pray for peace :

Thank you 🙏

2026-06-23 04:34:42

user72355583870655 :

I see Trump is bringing Common law back.

2026-05-29 18:51:16

Sparola :

We will start using crypto only soon.

2026-05-28 17:37:18

Meliana🌹 :

SARS 😩😩😩 I haven’t heard them say anything with the corruption being revealed yet they still going for those who are trying and following the law yoh give us a break

2026-05-28 09:58:36

user2244875461005 :

phala phala sofa tax off the radar🤔

2026-05-29 17:59:10

Feenx :

after 116 different taxes, why are they still being weird?

2026-05-28 16:10:55

user2912007372523 :

Sars only target soft targets why don’t they go after the drug dealers they only target law abiding citizens and normal hardworking workers that struggle already .

2026-05-30 06:53:35

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