Paul Gering | Tax Partner, PKF Durban

These third-party deadlines were issued in a Government Gazette in 2023 and no amendments to these dates have been released.

Public Benefit Organisations (“PBO’s”) – IT3D Returns

This is now the second year of the IT3D declaration. Public Benefit Organisations that issue a Section 18A must disclose the full details of those Section 18A certificates to SARS as a third-party provider of information. The deadline to submit the Section 18A certificates under an IT3D is 30 May 2025.

SARS is aware that many PBO’s still do not have the capacity for this administration and disclosure. In all probability, this year will also be used as part of the verification process of SARS but within the near future, the PBO third-party information will pre-populate the tax returns of the donors in a similar manner to the way that your interest from a bank is pre-populated on your tax return.

PBO that do not submit the IT3D will be prejudicing the donors who will be subject to a more stringent verification processes due the lack of third-party information.

Trusts – IT3T Returns

This is also the second year of the IT3T disclosure. Trusts are required to submit by
30 September 2025 a disclosure of the distributions made to beneficiaries in respect of the year of assessment ending 28 February 2025. This is also a fairly new third-party return and as such, will not pre-populate the returns of the beneficiaries this year but, as noted above, it is SARS’ intention in the near future to use this information to pre-populate on beneficiary tax returns.

Based on various discussions with SARS, our understanding is that these disclosures may also pre-populate certain parts/sections of the Trust tax return and as such, it is important that the IT3T is lodged prior to the rendition of the Trust tax return.