With regards to foreign investment allowance (FIA) applications, SARS has accepted all applications from 1 April 2015, but has applied a
more stringent risk process in respect of cases above R4 million.
SARS has now changed the
process and all cases of R10 million and below will be treated in the same manner.
Please click here to view the SARS notice addressing this issue (July 2015).
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.