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News & Press: SARS News & Tax Administration

Latest IT3 Business Requirements Specifications (BRS) now available

24 February 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS released an updated IT3 BRS on the 24th of February 2015.

The latest BRS makes provision for the new withholding tax on interest as well as tax free investments.

Please click here to access the latest the BRS.


WHY REGISTER WITH SAIT?

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.

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