The DTC's media statement on 13 July 2015 is calling for input for its first interim report on estate duty. The report was drafted after taking into account various submissions and wide consultation.
The report covers matters such as estate duty in South Africa, estate duty avoidance, trusts, the inter-spouse bequest, donations tax, capital gains tax and duty, retirement funds and abatements and rates.
SAIT will be making a submission to the Committee. Kindly submit all comments to firstname.lastname@example.org by no later than 25 September 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.