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 firstname.lastname@example.org by no later than 24 February 2015.
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.