National Treasury published a Notice on 8 November 2013 in terms of which the date for the implementation of section 12L was set for 1 November 2013 - Also refer to Regulation R.729 published in GG 34596 on 16 September 2011.
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.