1 March is the start of the new 2012/13 tax year. The income tax system allows taxpayers who receive a travel allowance to claim a deduction for the use of their private vehicles for business purposes.
To access the SARS prescribed Travel Log Book, 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.