Due to the influx of queries received by SARS on this topic, SARS has issued a step by step guide on how to submit and pay Withholding Tax on Interest (WTI) on eFiling. The guide also provides assistance with registration and activation of this tax type on your profile which could potentially alleviate some of the issues erroneously believed to be of a technical nature.
Please follow the link below for more information:
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.