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SARS: Reporting of tax practitioners

08 August 2012   (0 Comments)
Posted by: SAIT Technical
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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, technical@thesait.org.za, can also be approached by SAIT members for further information.


WHY REGISTER WITH SAIT?

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.

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