AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF SOUTH AFRICA ANDTHE STATES OF GUERNSEY FOR THE EXCHANGE OF INFORMATION RELATING TO TAX MATTERS
In terms of section 108(2) of the Income Tax Act, 1962 (Act No 58 of 1962), read in conjunctionwith section 231(4) of the Constitution of the Republic of South Africa, 1996 (Act No 108 of1996). It is hereby notified that the Agreement for the exchange of information relating to tax matters set out in the Schedule to this Notice has been entered into with the States of Guernsey and has been approved by Parliament in terms of section 231 (2) of the Constitution.I t is further notified in terms of Article 11 of the Agreement that the date of entry into force is 26 February 2012.
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.