The introduction of the TAA (Tax Administration Act) is primarily intended to incorporate into one piece of legislation certain generic administrative provisions which are currently duplicated in various Tax Acts. Whilst this is a meaningful result in itself, it also advances National Treasury's project to re-write the entire Income Tax Act.
PWC has issued a guide on the TAA in its November 2012 Tax Law Review publication.
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.