Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

Verification of Banking Details - CIT and VAT​

27 September 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
Share |

Author: SARS Legal and Policy

To enhance security measures and to protect taxpayers against potential fraud, any changes made to CIT and VAT banking details will be verified by SARS before updating the banking profile. Any refunds due (if applicable) will only be processed after the banking details have been verified. 

To view the relevant page on SARS website please click here:


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.

Membership Management Software Powered by YourMembership  ::  Legal