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SARS to combat TAX base erosion
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08 January 2015

South Africa bleeds billions of rands in revenue due to tax base erosion, and SARS has begun fighting this via profit shifting. An issue addressed by the Davis Tax Committee's interim report last month. South African Institute of Tax Professionals deputy CEO Keith Engel joins CNBC Africa for more.

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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.

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