SARS has introduced a Tax Calculator for CIT returns on eFiling. The new function will enable eFilers to access tax calculations on active Income Tax Returns for Companies and Close Corporations (IT14 returns) and get estimated results. The CIT Tax Calculator functions in the same way as the Tax Calculator for Personal Income Tax (PIT) returns.
Click here for more information on the CIT Tax Calculator
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.