|Why the new registration of the tax profession law is good news for your business|
10 April 2014
There 34000 tax practitioners in South Africa. From that number, 17000 tax advisors don’t have a tax qualification. That’s scary! And it means your businesses finances could be in the hands of an unscrupulous tax practitioner. The good news is the registration of the tax profession by the South African Quality Authority (SAQA) will change all this…
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SAQA’s registration of the tax profession means you don’t have to worry about unscrupulous tax practitioners
In a statement, the South African Institute of Tax Professionals (SAIT) says the South African Quality Authority has registered the Tax Professional as an occupational qualification. This after a five year gestation which incorporated lengthy deliberations between the South African Revenue Service, industry and academia.
This means “South Africa will now enjoy an international standard of qualification for the tax profession,” says Chief Executive of SAIT, Stiaan Klue
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It’ll give you secrets most businesses will never know and help you avoid paying crippling taxes every single year.
The occupational qualification will address the issue of training and certification of tax professionals
Basically, tax advisors or people who want to be tax professionals will have to gain professional training that’s recognised by the South African Quality Authority.