In May 2014, SARS will be introducing changes to registration processes for individuals and companies as well as across various tax types, with the focus on Income Tax (IT), Value-added Tax (VAT), Pay-As-You-Earn (PAYE), and to a limited degree, Customs and Excise during this initial phase.
Once the entire project has been rolled out, all taxpayers, traders and tax practitioners will have a single interface to SARS for their registration / licensing /amendment needs. This will ultimately make managing your client’s tax affairs easier as all your tax and customs products will be linked to your unique profile at SARS.
Benefits which will immediately be seen in the first phase include faster turnaround time for first-time registration applications, the introduction of additional registration channels and simpler processes for official taxpayer Representatives.
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.