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Call for comment: Draft FATCA guide

06 January 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS has issued a general guide on the application and interpretation of specific issues arising from the statutory obligations placed on South African Financial Institutions in terms of the Agreement between the Governments of the RSA and the USA.

The SAIT will be making submissions to SARS on this matter. Kindly submit comments to by no later than 24 February 2015.

Please click here to access the draft guide.


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.


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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