In order to enquire into the role of the tax system in the promotion of inclusive economic growth, employment creation, development and fiscal sustainability, the BEPS sub-committee of the Davis Tax Commission will be preparing the following three reports:
1. Addressing the Tax Challenges of the Digital Economy; 2. Preventing Tax Treaty Abuse; 3. Preventing the Artificial Avoidance of a Permanent Establishment Status.
In order to contribute to the development of South Africa, in accordance with the National Develop Plan, the SAIT would like to urge its members to submit written comments on the above three reports focusing on (but not limited to) the following issues:
Difficulties experienced in applying the Income Tax Act (No. 58 of 1962) or any DTA in the context above;
Suggestions for new legislation to address any problems associated with international tax concerns; or
Any recent international developments that have been introduced that could address the above challenges.
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.