National Treasury issued a Media Statement
on Friday 20 February 2015 to indicate that the Minister has approved the
publication of the final Notices and Regulations under section 12T(8) of
the Income Tax Act, 1962 that allow for the introduction of Tax
Free Savings and Investment Accounts with effect from 1 March 2015.
Copies of the Drafts submitted to the
Government Printers can be accessed by clicking on the relevant links below.
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.