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Call for comment: Draft public notice on reportable arrangements

27 March 2014   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

SARS published Draft Public Notice on Reportable Arrangements for comment by no later than 10 April 2014.

This draft proposes the list of additional reportable arrangements that have certain characteristics that may lead to an undue tax benefit.

The SAIT will be making a submission to SARS on this matter. Kindly submit all comments to taxtech@thesait.org.za by no later than 08 April 2014.

Please click here to access the Draft Public Notice



WHY REGISTER WITH SAIT?

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.

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