On the 11th of July 2013 SARS released a new exchange of information agreement with Gibraltar. This Tax Information Exchange Agreement (TIEA) with Gibraltar has been ratified and will be in force from 21 July 2013.
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.