A revised employment tax incentive bill will be formally introduced in parliament on Thursday.
According to finance minister Pravin Gordhan's written Medium Term Budget Policy statement (MTBPS), this forms part of the multi-pronged approach to expanding work opportunities, especially for young people, envisaged in the national youth accord.
The employment tax incentive bill was published earlier this year as a means to support job creation in special economic zones and for young work seekers.
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.