With the SAIT
Specialist Tax Committee proposals on the draft Bills for 2013 having been
submitted to National Treasury and presented in Parliament, the legislative
process was finalised. However, this heralded the time to start the development
of the 2014 amendments (bills). That is the natural legal cycle with
legislative amendments that we see annually. The official process in developing
the amendment bills commence with the process within National Treasury as
"Annexure C amendments and technical corrections” engagements with industry and
In this regard, SAIT made its submissions to National
Treasury dealing with Corporate tax, Individuals tax and VAT issues.
Please click on the links below to access the relevant submission.
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.