SARS published Draft Interpretation Note on Written undertakings (PBOs) which provides guidance on the interpretation and application of section 30(4), which provides for a written undertaking to be submitted under certain circumstances before an organisation can be approved as a PBO by the TEU.
The SAIT will be making a submission to SARS. Kindly submit all comments to email@example.com by no later than 28 April 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.
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.