An email alert informing all members that SARS provided an interim solution to the problem of the medical scheme fees tax credit field being "greyed out” in the 2015/02 provisional tax return was sent out on the 12th of February 2015.
The Institute has just received confirmation from SARS that the problem has been resolved. This means that tax practitioners can now fill in the amount of the tax credit on the IRP6.
Before doing so, however, it is recommended that the IRP6 be refreshed first.
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.