Minister Gordhan attempted to reassure South African that taxes are
being used for the correct purposes. He cautioned that perceptions that government wasted the total
R1trn it had at its disposal last year and that the manner of its disposal was
corrupt, are "wrong". SARS managed
to meet its revised target of R810.2bn for the 2012-13 fiscal year and collected
revenue to the total of R814.1bn. In real terms revenue
collection was 1.5% higher this year than last year.
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.