SARS: Reporting of tax practitioners
08 August 2012
Posted by: SAIT Technical
By SAIT Technical
On 5 July SARS issued the draft Tax Administration Amendment Bill for public comment.
Section 241(2) of the DTAAB will amendTax Administration Act, 2011and introduce significant new reporting powers to SARS in order to combat reckless, incompetent and corrupt practices. In addition, registered tax practitioners will also be reported to their 'controlling body' if 'in the opinion of a senior SARS official', the tax practitioner knowingly provided false or misleading information to SARS.
The Tax Administration Act, 2011, is primarily aimed at providing a single body of law that outlines common procedures, rights and remedies and to achieve a balance between the rights and obligations of both SARS and taxpayers in a transparent relationship. However, the Tax Administration Act introduced a number of significant amendments to existing law that all tax professionals need to know going forward.
Professor Danie Erasmus will present a CPD update seminar on a national basis during August 2012. For further details, visit the website by clicking here.
The Tax Technical helpline, email@example.com, can also be approached by SAIT members for further information.