Nexia SAB&T has developed interactive guides that provide an overview of the more common structures used for doing business but also some detail on the main personal, corporate, and indirect taxes in the relevant year.

From 1 March 2019, Conveyancers are required to invest trust funds on behalf of clients in terms of section 86(4) of the Legal Practice Act 28 of 2014 instead of section 78(2A) of the Attorney's Act 53 of 1979 (as this Act has been repealed).

The South African Revenue Service (SARS) announced, on 15 September 2023, new rules for information on the beneficial owners of trusts, including the type of documents that must be submitted.

Many employee share incentive schemes involve the use of trusts to house the shares until such time as they vest in the employees.

Section 37C of the Pension Funds Act 24 of 1956 governs the payment of pension benefits upon the death of a member.

The most significant proposals in the 2018 Budget Review will probably affect all taxpayers in South Africa, not only those with accumulated wealth.

An ESOP trust is an employee-share-ownership trust and is a mechanism that allows employees to buy or own shares in the private company.

South Africa's renewable energy sector is booming, attracting significant investment from international companies.

Share incentives schemes often involves the use of trusts to administer the awards made to employees.

Following South Africa's grey-listing by the Financial Action Task Force, trustees within South Africa are finding themselves navigating an increasingly complex legal landscape.

During the 2014 tax year, the South African Revenue Service ("SARS") introduced a new income tax return for trusts (ITR12T) which was much more comprehensive than its predecessor.

From 1 March 2017 onwards, taxpayers have a further consideration in the form of section 7C of the Income Tax Act to take into account when doing estate planning.

South Africa has introduced a new reporting obligation for trustees to keep up-to-date records of the beneficial ownership of trusts and to submit that information...

The Department of Trade, Industry & Competition has promulgated a series of codes of conduct in which the BEE regime is fully laid out.

In terms of section 21B of the Financial Intelligence Centre Act 38 of 2001 ("FICA"), as amended by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022...

These are among the questions facing many South African taxpayers – and for a growing number, the answer lies in offshore trusts.

As more South Africans establish trusts outside the country, Grant Barbour, Managing Director - Private Client, examines the key differences that advisers and individuals need to be aware of.

The Davis Tax Committee's first interim report was released in July 2015 and made various significant recommendations to the Minister of Finance regarding the taxation of trusts in South Africa.

A number of amendments proposed by the National Treasury are, if implemented in their current form, likely to significantly impact on trust structures.

South Africa imposes taxes on worldwide income of residents.