The imposition of Admin Penalties will be preceded by a consultative process with all relevant stakeholders. In this regard, SARS will communicate with and engage stakeholders on the imposition of Admin Penalties for the non-submission of the ITR12T as well as the IT3(t). Note, that for the 2024 year of assessment, no Admin penalties will be levied for late submission of the IT3(t).
It is, however, requested that Trusts do submit the IT3(t), even if this is done belatedly. This will give taxpayers the peace of mind that they are ready for the submission of the IT3(t) for the 2025 year of assessment onwards.
