The timeline of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project is extremely ambitious, with the first outputs expected for September 2014 and the completion of the project by the end of 2015. Input from relevant stakeholders is essential in order to develop the measures envisaged in the BEPS Action Plan. In December 2013, the OECD published a timetable for planned stakeholders’ input.
A revision of this timetable is now available online with the dates when discussion drafts will be published and public consultations held in relation to the September 2014 BEPS outputs.
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.