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Call For Comment: Promotion and Protection of Investment Bill, 2013

07 November 2013   (0 Comments)
Posted by: Author: Department of Trade and Industry
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Author: Department of Trade and Industry

The Department of Trade and Industry published the Promotion and Protection of Investment Bill, 2013 for public comment on 1 November 2013.

The purpose of the bill is to provide for the legislative protection of investors and the protection and promotion of investment; to achieve a balance of rights and obligations that apply to all investors; and to provide for matters connected therewith.

The SAIT will be making a submission to SARS. Kindly submit all comments to taxtech@thesait.org.za by no later than 24 January 2014.

Please click here to download the Promotion and Protection of Investment Bill, 2013.


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.

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