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Draft Public Notice listing incidences of non-compliance in respect of the OECD

15 February 2016   (0 Comments)
Posted by: Author: SARS
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Author: SARS

Draft Public Notice listing incidences of non-compliance in respect of the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters.

SARS have issued a Draft Public Notice for comment listing incidences of non-compliance in respect of the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters to be promulgated in Regulations under section 257 of the Tax Administration Act that are subject to a fixed amount penalty in under Chapter 15 of the Act.

Please click here to view briefing notice and public notice.

Depending on the quality feedback received, SAIT will be making a submission to SARS.  Kindly submit all comments to taxoperations@thesait.org.za by no later than 17 February 2016


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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.

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