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SA Tax Standards
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2012/05/22 at 10:40:26 PM GMT
Posts: 1
SA Tax Standards
The Institute developed tax standards for the South African tax environment based on international best practice. Members, public and stakeholders can comment on the final exposure drafts set out below. The closing date for public comment is 29 June 2012.

Comments can be forwarded to standards@thesait.org.za. Alternatively comments can be posted to P O Box 73, Featherbrooke Business Estate, 1746.

 

ITEM NAMEPOSTED BYDATE POSTED
Form and content of advice to taxpayers PDF (136.79 KB)Administration2011/05/31
Knowledge of error: Administrative proceedingsPDF (134.5 KB)Administration2011/05/31
Knowledge of error: Tax return preparation PDF (128.15 KB)Administration2011/05/31
Departure from a position previously determinedPDF (130.55 KB)Administration2011/05/31
Use of Estimates PDF (109.49 KB)Administration2011/05/31
Procedural Aspects of Preparing Tax Returns PDF (151.81 KB)Administration2011/05/31
Filing Tax Returns PDF (160.94 KB)Administration2011/05/31
Knowledge of the Client PDF (130.65 KB)Administration2011/05/31
Preface to SA Tax Standards PDF (197.67 KB)Administration2011/05/31


2013/09/03 at 01:35:40 PM GMT
Posts: 1
SA Tax Standards

Please could you confirm the following with regard to the standards - 

The date issued on the publication's is May 2011  however the requirement to join regulatory bodies by SARS was 1/7/2013 therefore the true regulation of practitioners and the therefore the standards should have come into effect  from this date only. 

Prior to this practitioners were issued numbers by SARS but not necessarily regulated.

(unless this refers to the act itself 2011 please advise - based on the continuing question below)

the requirements in the standards to verify documents by practitioners almost like auditors would, or to obtain letters of engagement was not necessarily done prior to 2013/7/1 and this would be cause for concern if the act/standards were enforced at a backdated period. Would it be advised to recheck all returns incase there was an error? at what cost to the practitioners?

at least if the effective date remains 2013/7/1 an awareness is there as to the requirements and standards to be met 

 while it is of absolute importance to adhere to the newly enforced regulations by practitioners is there any confirmation from SARS and the regulatory bodies that the changes will be effective only from 1/7/2013 and that there will be no recourse dating back prior to this period?




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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