Third-Party Return Filing Requirements for PBOs and Section 18A Entities

Dear Client

We wish to bring to your attention an important development. The South African Revenue Service (SARS) issued a notice requiring specific entities to file third-party returns. These returns play a crucial role in pre-populating tax forms and ensuring accurate reporting.

The due date for IT3(d) return submission with SARS is 31 May 2024.

Entities Affected:
Section 18A Entities: If your organization issues section 18A receipts for tax-deductible donations, you fall under this category.

Reporting Details:
18A Entities (IT3(d)):

Report amounts donated to the entity for which section 18A receipts were issued and provide all necessary information related to the receipts.

If you have any questions or require assistance with return submissions, please feel free to contact our offices or the relevant director.
Thank you for your attention to this matter. Compliance ensures accurate reporting and contributes to the smooth functioning of our tax system.

Best regards,
The C2M Team