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South Africa on par with international tax qualifications
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The South African Quality Authority (SAQA) is pleased to finally announce the registration of the Tax Professional as an occupational qualification, after a five year gestation which incorporated lengthy deliberations between the South African Revenue Service, industry and academia.

All industry stakeholders assisted in the development of the occupation qualification, with large professional services firms and universities playing the leading role. “The development of the tax occupational qualification is a landmark qualification for South Africa,” comments Cheryl James, CEO of Seta for Finance, Accounting, Management Consulting and Other Financial Services (Fasset); which was responsible for funding the occupational development.

The South African Institute of Tax Professionals (SAIT) was appointed by government to set the standard and ensure compliance with the criteria laid down for the occupation. “In line with SARS’ respected international status, South Africa now enjoys an international standard of qualification for the tax profession”, says Chief Executive of SAIT, Stiaan Klue. Klue is also the continent wide vice president of the African Association of Tax Institutes.

The tax profession has been in the spotlight in recent years for non-compliance. Minister of Finance, Pravin Gordhan introduced law in 2013 which required all tax practitioners to register with SARS and a recognised controlling body, such as SAIT, by 1 July 2013.

According to SARS reports there are 34000 tax practitioners in South Africa – 17000 tax advisors do not have a tax qualification. Minister Gordhan has criticised the wide spread  non-compliance of tax practitioners, alleging that tax advisors owe over R260 million in outstanding taxes, and account for more than 18 000 outstanding income tax returns in their personal capacity.

“One shudders to think that they offer tax advice to the public without formal training. In recent years tax legislation has become very complex, and the non-compliance highlighted by the Minister can be directly linked to their technical ability to perform the work. The occupational qualification will address the issue of training and certification of tax professionals and ensure South Africa compares with the international standard,” says SAIT Head of Education, Ronel de Kock.

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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