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Recent judicial precedents and amendments to the Trust Property Control Act and FICA have intensified the compliance requirements for trustees, specifically regarding beneficial ownership and fiduciary accountability.
A summary of the evolving regulatory landscape for South African trusts, focusing on the Trust Property Control Act, document retention mandates, and SARS compliance.The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.
