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South Africa to introduce new TAX savings account
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Keith Engel chats to Business Day TV about the start of tax season, looking at how much SARS is expecting to receive this year. With slow economic growth and the need to increase revenue, Engel discusses whether they will reach their target and what tactics they will use to try and achieve their R1.1 trillion target.



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.

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