# The South African Revenue Service is urging all registered trusts to submit annual income tax returns, even if they had no financial activity. The revenue authority warns that failing to comply may result in penalties or personal liability for trustees. SARS says trustees must ensure full compliance before seeking termination of a trust through the Master of the High Court. The revenue service also advises that trusts should first regularise all tax affairs before deregistration to avoid delays, protect possible refunds, and ensure proper legal closure of the trust.
SARS urges trusts to submit tax returns or risk penalties