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News & Press: TAX

Urgent Notice from SARS affecting Tax Practitioners

02 June 2014   (1 Comments)
Posted by: Technical department

We have been informed by our sister organisation, The South African Institute of Tax Practitioners (SAIT) that SARS has made the following important announcement today:

SARS notified tax controlling bodies that all services, including as eFiling privileges, offered by SARS to tax practitioners who are not registered with SARS and a ‘recognised controlling body’ will be stopped by Thursday, 5 June 2014.

To read the notice click here.

All SAIBA members that act as tax practitioners and have not yet registered with SAIT need to urgently take corrective action.

Section 240 of the Tax Administration Laws Amendment Act, 21 of 2012 requires that every person that provides advice to another person with respect to the application of a Tax Act or completes or assists in completing a tax return on behalf of another must register as a tax practitioner with SARS, and a recognised controlling body i.e. SAIT.

Practitioners that did not register by 1 July 2013 may be guilty of a criminal offence and will not be able to advise clients on their tax affairs or complete tax returns. In addition SARS will now stop providing any services to these unregistered tax practitioners.

The MOU between SAIBA and SAIT will enable SAIBA members that have been awarded the SAIBA designation "Business Accountant in Practice" to register with SAIT. As a SAIT member you will be able to act as a tax practitioner.

Click here to read the details about the SAIBA/SAIT MOU that entitles you to 50% discount on membership fees. In essence the MOU allows SAIBA to act as the controlling body for accountants/accounting officers/independent reviewers, whilst SAIT is the controlling body for tax practitioners.

If you know of colleagues that have not yet registered with SAIBA and SAIT please inform them of this important notice from SARS and get them registered.

Comments...

Simon Z. Muinjo says...
Posted 10 July 2014
I am a Namibian and a BAP (SA), and would like to know if the requirement to register with SARS is also applicable to me? In Namibia we deal with the Receiver of Revenue. What is the agreement between SAIT and the Receiver of Revenue (Namibia) in this regard. Please advice. I thank you.

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