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Call for comment: Draft regulations for registration as VAT vendors

19 May 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS published draft regulations for registration as VAT vendors for comments not later than 30 June 2014. A briefing note is included in the Draft Regulations document.

The SAIT will be making submissions to SARS on this matter.  Kindly submit all comments to taxassist@thesait.org.za by no later than 23 June 2014.

Please click here to view a briefing note.


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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