Standing Committee on Finance: Report-Back Hearings
Date: 21 September 2011
Tax Administration Bill, 11 of 2011
Following a process involving the release of draft Bills, workshops with stakeholders opportunities for written submissions, which stretched for over two years, the Tax Administration Bill was introduced in the National Assembly on 23 June 2011. The Standing Committee on Finance was formally briefed on the Bill on 2 August 2011. Public comments, together with an opinion by SARS’s independent counsel on the constitutionality of the Bill – as offered during the course of the formal briefing, were presented at hearings held on 16 and 17 August 2011. The closing date for the submission of written comments on the Bill to the Committee was 11 August 2011. Eleven written comments were received by 17 August 2011, two of which did not relate to matters covered by the Bill.
To access the entire response document, click here
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.