THE INCOME TAX RETURN FOR TRUSTS (ITR12T)

 What’s New?

• 13 September 2021 – See the changes for Trusts Filing Season 2021
  
  
• 28 July 2021 – Join our live stream Webinar, details of the event are as follows:
  • Theme: Trusts & Tax Obligations Webinar
  • Date: Thursday, 29 July 2021
  • Time: 17:30 – 19:00
  • YouTube: https://youtu.be/lz-jxDg8XXc
  • FAQs discussed during the webinar

What is a Trust Return?

The Income Tax Return for Trusts is called the Income Tax Return for Trust (ITR12T). 

How will I get the ITR12T?

The form (ITR12T) will be available on eFiling or may be captured at a SARS branch on behalf of the representative/Tax Practitioner of the Trust (see section on “How to submit the ITR12T”).   An example of the current ITR12T form is available for downloading. For more information on how to complete ITR12T, click here.  

Top Tip: Asking for the ITR12T to be posted to you will no longer be an option and trust returns received via post will be rejected. 

How to submit the ITR12T?

You can submit the ITR12T via the following channels:

• eFiling: Taxpayers who have not yet registered for eFiling you are encouraged to do so as this will enable you to complete and submit the return online in a secure environment.
• SARS branch: If you are representing a trust with ten or fewer beneficiaries you have the option to have the ITR12T return captured by an agent at the branch. Please print the return and complete all the required fields prior to visiting the branch. You can download the ITR12T return from eFiing. SARS branches will no longer print the ITR12T.

Any trust that distributed / vested in more than 10 beneficiaries during the year of assessment (“YOA”) must register and submit the ITR12T via eFiling. 

Need help?

• Read more on the types of trusts
• Read more on how to register as a trust