National Treasury released the first batch of the 2015 Draft Taxation Laws Amendment Bill on 5 June 2015 for public comment.
It is intended to solicit comments (by 26 June 2015) on three specific amendments that might require further consultation before being included in the draft Taxation Laws Amendment Bill to be published in July.
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.