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News & Press: SARS News & Tax Administration

Tables A and B of the average exchange rates updated

09 March 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

On the 6th of March 2015, SARS announced table A and table B of the average exchange rate have been updated.

SARS publishes these rates on a quarterly basis, which may be used by stakeholders (taxpayers) in the determination of the average exchange rate when required in the Income Tax Act.

Please click here to access table A and table B.


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.


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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