A chartered accountant and former SARS employee was arrested for alleged VAT fraud of more than R5-million at her work-place in Centurion on Friday, 27 November 2015. SARS’ risk engines assisted in identifying the unusual activity which was further examined by SARS investigators using 3rd party verification.
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.