Draft Public Notice of the Tax Administration Act, 2011 listing arrangements in terms of sections 35(2) and 36(4) for second round for comment
This draft is published for a second round for comment and proposes the list of additional reportable arrangements that have certain characteristics that may lead to an undue tax benefits. Due date for comments is by no later than 23 June 2014.
The SAIT will be making submissions to this matter. Kindly submit all comments to firstname.lastname@example.org by no later than 19 June 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.