Treasury released the Draft Taxation Laws Amendment Bill, 2011 (DTLAB) for public comment on Thurday.
Members are requested to forward comment to the SAIT Technical Support Executive, Philip Kotze, firstname.lastname@example.org before 20 January 2011. All comments will be incorporated into the Institutional commentary to National Treasury and Parliament on 31 January 2011.
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.