Am sure you have been following developments of social unrest and tensions through the media particularly in the broader areas of Gauteng. Kindly be advised that IABC operations are sustained however been affected due to ongoing protest actions in the context that at times for safety reasons staff were advised to stay home for safety and security reasons. As a result we have sustained operations however not at the capacity that the company has set for itself and its client base as per company policy and value proposition. Kindly bear with us during this. It might happen that there may be no person at the office or telephone calls may be unmanned and unanswered, however we will ensure to the best of our abilities that core services are still delivered and disruption minimized so that compliance and business needs of our larger clientele base is not compromised. Managing Consultant.
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SARS on Friday issued the Tax Administration Amendment Bill for public comment. The Bill contains new provisions to regulate tax practitioners in South Africa. In essence tax practitioners, in addition to being registered with SARS, will also be compelled to register with a controlling body, such as SAIT and SAICA.
The truth is that a significant number of tax practitioners are neither properly qualified nor registered to offer professional tax administration services. Our caution to the business fraternity and public at large is to be weary of these requirements and ensure that proper screening is done when appointing professional tax administrators and accountants.
Once the Tax Administration Amendment Bill is promulgated, all tax practitioners as defined in terms of section 239 and 240 of the Tax Administration Act (No. 28 of 2011), will also be required to register with a controlling body (as defined).
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