The Minister of Finance has agreed to a one-month extension in the consultation process on the 2015 Budget proposal to reduce the remuneration threshold against which UIF contributions are calculated, following discussions with the labour and business constituencies at NEDLAC.
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.