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News & Press: SARS News & Tax Administration

Most of your tax money well-spent – Gordhan

05 April 2013   (0 Comments)
Posted by: SAIT Technical
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By Jeanette Clark (Moneywebtax)

Executive summary

Finance 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.

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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.


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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