Print Page   |   Report Abuse
News & Press: VAT

Clarification of certain points in VAT First Interim Report

19 August 2015   (0 Comments)
Posted by: Author: The Davis Tax Committee
Share |

Author: The Davis Tax Committee

The DTC attention has been drawn to commentary on the First Interim Report on VAT that the DTC explicitly recommends that the VAT rate should be increased by three (3) percent.  According to the DTC such commentary has, unfortunately , not been based on a thorough reading of the DTC’s report. Further, this clarification is released with the express purpose of encouraging debate about an appropriate tax system for the South Africa of the future.

Please click here to view media statement (17 August).


WHY REGISTER WITH SAIT?

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.

Membership Management Software Powered by YourMembership.com®  ::  Legal