On 15 December, the European Commission published its 2015
work programme, including a roadmap containing 23 priorities for action to be
taken by the end of 2015. One of these is titled "A Fairer Approach to
Taxation”, announcing measures to move to a system on the basis of which the
country where profits are generated is also the country of taxation, including
in the digital economy. The Commission observes that this would require
agreement on a Common Consolidated Corporate Tax Base. There would be a swift
proposal concerning the automatic exchange of information between tax
authorities on cross-border tax rulings. The Commission is also planning to
withdraw 80 (of 450 pending) legislative proposals, including the revision of
the EU Energy Tax Directive proposed in 2011. Other proposals to be withdrawn
concern taxes related to passenger cars and the approximation of excise duty
rates for alcohol/ic beverages.
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.