SARS is improving the Income Tax Return for Trusts. The current form (IT12TR) was redesigned and automated. The new form will be called the Income Tax Return for Trust (ITR12T) and is available from 6 October 2014.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.