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SARS and international professional services firms achieve top Tax marks
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The results of South Africa’s first tax specialist national qualifying examination were announced in Pretoria on Wednesday February 26.

The pass rate is 51%, with the international professional services firms Deloitte, KPMG and EY ranking tops.  Trevor Campbell, a SARS employee was also amongst the top 10 achievers, and Aneesa Carrim from Deloitte achieved the first place with distinction.

The graduates from the University of Pretoria took 8 spots on the top 10 list.

“The international services firms play’s a crucial role in training chartered accountants and tax professionals, not only in South Africa but globally”, says SA Institute of Tax Professionals’ (‘SAIT’)  Head of Education Ms Ronel de Kock.

The South African Institute of Chartered Accountants earlier released the results of the national chartered accounting qualifying examination, in which the international services firms also ranked top. Eight of the big four firms achieved a top ten spot in the initial test of competency national chartered accounting examination.

The top mark was achieved by Aneesa Carrim, Senior Assistant in Auditing at Deloitte & Touche who is currently doing her articles to become a CA, “All praise is due to the Almighty. I am very glad to have had the opportunity to write the knowledge assessment and I am certain it will be of much benefit to me in the future. In my personal experience I think the assessment was on challenging but fair level and is a really good benchmark to assess upcoming Tax Professionals.”

“In addition to the CA qualification, business and industry [globally] demand specialised tax advice on matters affecting business decisions. The main reason is the myriad of tax local and international legislation that has become increasingly complex, with revenue authorities internationally cooperating and exchanging information on a global scale”, says de Kock.

“The globalised environment brought about significant complexity and has highlighted the need for the profession to develop a more formalised learning path dedicated to taxation in order to prepare graduates for a successful career in the tax industry and the globalised business environment.”

In South Africa, the SAIT was tasked by government to develop and set the qualifying examination for the Tax Professional Occupational Qualification with the aim to address the need for specialised tax advisors.

The profession commends all the candidates who sat for the first Tax Professional Knowledge Competency Assessment.

Top 10 Candidates

Rank Candidate University Studied Current Employer
  1. With Distinction
Aneesa Carrim UP Deloitte
2 Chris Fouché UP UP / Deloitte
3 Daniel Dias UJ EY
4 Ilinza Penning UP UP / Deloitte
5 Trevor Campbell SARS
6 Anika Bester

&

Lisa Di Domenico

UP

 

UP

National Treasury

 

EY

8 Ernest Meyer UP EY
9 Raqeeba Carrim UP EY
10 Nhlamulo Maluka UP / UJ KPMG

Background to the specialist tax qualification

The comprehensive curriculum consists of three parts, namely: Knowledge, Practical Skills and Workplace Experience.

The Knowledge component is completed through studies at an accredited tertiary institution, while thePractical Skills component can be obtained through short courses offered by accredited institutions or through the training academies of approved employers. The Workplace Experience component provides practical experience and training for Tax Professionals working in private practice as well as those employed in the public revenue service. In addition, a number of firms have appointed learners on the Tax Professional Internship Programmes.

“Once all three components have been completed successfully, the candidate can apply to SAIT to write their National Qualifying Competency Assessment,” remarks Ronel. “If the required pass mark is achieved in the examination, the qualification of Tax Professional will be awarded by the QCTO.”

The examination consists of two papers, each four and a half hours long, the assessment took place over two days and measured each candidate against the assessment criteria required for the Tax Professional Occupations Qualification.

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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