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 firstname.lastname@example.org by no later than 24 January 2014.
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.