SARS has published a draft binding general ruling on the termination of STC credits. This draft ruling clarifies that STC credits are not available when a dividend is declared before 1 April 2015 but is paid on or after that date.
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.