Trust IT3(t) Reporting:
Practical Classroom Session
With the 30 September IT3(t) deadline approaching, getting the submission right is about more than completing the required fields.
Our Trust IT3(t) Practical Classroom is back on 1 September for a deeper dive into what needs to be reported, how to ensure the information being declared is accurate, and what SARS intends to do with the data it receives.
The session will unpack the practical IT3(t) reporting requirements, the areas where errors and uncertainty commonly arise, and the importance of ensuring that the information reported aligns with the underlying tax treatment of the trust and its beneficiaries.
This year, Michael Graskie, formerly part of the SARS Trust Product Team and closely involved in IT3(t) reporting, joins Sidney Fletcher, who spent more than 20 years at SARS in taxpayer education and is now Senior Tax Compliance Manager at Tax Consulting SA.
Date:
1 September 2026
Time:
10:00-11:30
Platform:
Zoom
Cost:
R345.00
CPD Points:
1.5
Cost:
R345.00
CPD Points:
1.5
With the filing deadline only weeks away, this session is designed to help you check your approach, understand what you are declaring and get your IT3(t) submission right before it reaches SARS.
Key topics
In this session, the following key topics will be discussed:
- Understanding the difference between the IT3-01 and IT3-02 forms
-
Clarifying the roles of the submitting entity vs the reporting entity
in the IT3(t) context - Unpacking the reportable IT3(t) data required by SARS in respect of trust beneficiaries
- Clarifying the reportable financial flows on a beneficiary level
-
IT3(t) tax type activation and penalties –
steps to ensure proper activation and avoid penalties - Updating the Registered Representative/Main Trustee for IT3(t) purposes
- Covering nil submissions, exempt trusts, and trusts in the process of deregistration
- Interactive Q&A to address practical questions
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Who Should Join?
Tax Practitioners and
Tax Consultants
Trust Accountants and
Bookkeepers
Trustees
Trust Officers
Trust Administrators
Business Compliance Officers
Meet The Speakers
Sidney Fletcher
Senior Manager: Tax Compliance
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Sidney Fletcher is a qualified Tax Technician and Senior Tax Practitioner with more than 20 years of experience in tax, including extensive time at SARS specialising in taxpayer education and the administration of trusts and deceased estates.
As Senior Manager: Trust and Deceased Estates Tax Compliance at Tax Consulting South Africa, he brings extensive expertise in individual tax, trusts, and estates supporting clients with SARS engagement, compliance management and tax planning matters.
Michael Graskie
CHARTERED ACCOUNTANT
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Michael Graskie is a highly experienced Chartered Accountant with 34 years of professional expertise across insurance, auditing, public sector oversight, and taxation. He obtained his BCom and BCom Honours degrees from the University of Johannesburg, formerly Rand Afrikaans University (RAU), and went on to build a distinguished career grounded in technical excellence, governance, and tax administration. After beginning his career in the insurance industry, Michael discovered his passion for auditing and progressed to become a partner in audit practice. In 2009, following a period at the Auditor-General, he joined the South African Revenue Service (SARS), where he fulfilled a range of specialist and leadership roles. He later became part of the SARS Trust Product Team, where he concluded his SARS career and made a significant contribution to the administration and development of trust-related tax matters. In 2019, Michael completed an MCom Tax through the University of Pretoria, with research focused on the complexity of trust tax legislation in selected SADC countries. With his rare combination of academic insight, practical tax experience, and deep exposure to trust administration, Michael brings valuable perspective to professional training and discussion on trusts, taxation, compliance, and modernisation.
As part of his duties at SARS, Michael was responsible for training staff members on a wide range of trust-related matters. He was also involved in designing and supporting trust modernisation initiatives, including the development and rollout of improvements through the annual Trust Tax Return and other implementation channels. This experience positions him as a knowledgeable and practical voice on the evolving trust tax environment and the operational realities faced by both tax practitioners and administrators.