COMPLETING THE INCOME TAX RETURN FOR a TRUST (ITR12T)

 

The trustee must complete and send an Income Tax Return for the Trust annually to SARS.
 
To complete the ITR12T, the following relevant material (supporting documents) are needed:
 
  • All certificates and documents relating to income and deductions
  • Financial statements and/or administration accounts
  • Proof of payment of any tax credits
  • Particulars of assets and liabilities.

Top Tip: Need a Source Code?

 
Supporting schedules needs to be filled in and sent with the ITR12T, if the trust:

Please note: A function will be available on eFiling to upload the supporting schedules.

Top Tip: The relevant material (supporting documents) used to fill in the ITR12T, must be kept for a period of five years.
 
 
The ITR12T can only be sent:
 
  • Using eFiling. If you aren’t registered for eFiling follow our simple steps. This will allow you to complete and send your ITR12T online in a secure environment 24/7.
  • At a SARS branch. Should you visit a SARS branch for assistance, you will need to fill in the fields needed before going to the branch.
 
Please note: An example of the new ITR12 is available for downloading.
 
 
Top Tip: Requesting the ITR12T to be posted will no longer be an option available to you.
 
Depending on how you send your ITR12T to SARS, be sure you know the due date. Previous due dates were:
 
  • Manual/postal submissions - 30 September 2016
  • Electronically at a SARS branch (provisional and non-provisional) – 25 November 2016
  • Non-provisional taxpayers who use eFiling – 25 November 2016
  • Provisional taxpayers who use eFiling – 31 January 2017

 Note: New dates will be communicated when it becomes available.

 
 
Last Updated: 07/02/2017 2:57 PM     print this page
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 Top FAQs

When selecting No to the first question “Have the banking, contact and trustee details been confirmed and verified” on the Income Tax Return for Trust (ITR12T), I am unable to continue filling in the ITR12T?
The registered details of the trust must first be confirmed, in order to complete the ITR12T. To do this either:

When must an income tax reference number be filled in on the Income Tax Return for Trust (ITR12T) for a beneficiary?
An income tax reference number must be filled for a Trust/Company that is a beneficary. The income tax reference number for an individual is optional, as in some cases a tax reference number isn't available.

From which year of assessment can a trust claim any foreign tax credits in terms of section 6quin on the Income Tax Return for Trusts (ITR12T)?
A trust can only claim any foreign tax credits in terms of section 6quin from the 2012 year of assessment onwards on the ITR12T.

From which year of assessment can a trust claim any foreign tax credits refunded/discharged during the year of assessment on the Income Tax Return for Trusts (ITR12T)?
A trust can only claim any foreign tax credits refunded/discharged during the year of assessment from the 2014 year of assessment onwards on the ITR12T.

When will the income statement of the trust be needed, while completing the Income Tax Return for Trusts (ITR12T)?
The income statement of the trust will only be needed where local business income was received and must be filled in on the ITR12T.