It has been brought to the Institute’s attention that the
medical tax credit field in the 2015/02 provisional tax return cannot be filled
in when attempting to complete this return. The result is an over-estimation of
the normal tax liability for the 2015 year of assessment and by extension, a
possible overcharging of provisional tax for the 2015/02 period.
For the 2015/01 return on efiling, the medical tax credit
amount could be filled in.
We have escalated this matter to SARS 10 days ago and they
have stated that they are aware of it and are currently working on fixing the
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.