TAX

Accountancy SA, Apr 2008 by Hassan, Muneer

WHAT'S NEW AT SARS?

The latest updates can be viewed on the SARS website (www.sars.gov.za).

THE DRAF REGULATION OF TAX PRACTTIONERS BILL

The current Bill envisages a new body to govern tax practitioners.

SAICA through its National Tax Committee members submitted comments on the proposed Bill. SAICA and SAIPA further made a joint submission to SARS in this regard. In essence, the joint submission recommends that existing structures such as SAICA and SAIPA should be used and in this manner a double layer would not be created, as is the case with the current proposed draft Bill, which sees members being members of a number of different bodies.

In this manner only tax practitioners, who are not already a member of such a body, need join a new body for tax practitioners.

Edited By: Muneer Hassan

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