The South African Qualifications Authority ('SAQA') visited the Institute this week as part of the recognition and accreditation of professional bodies.
The purpose of the accreditation visit was to establish the standards and governance of the professional body and to determine whether the designations issued by the Institute can be listed on the National Qualifications Framework.
The Institute received positive feedback with regards to the overall standards and governance. The task team will recommend the accreditation of SAIT and its designations to the SAQA Board.
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.