It is noted that the vehicle value is not required as primary information to be furnished by a tax payer as required by SARS on the first page of the new 2015 log book. Is this an omission? Without the vehicle price the calculations cannot be performed!
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.