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In terms of the Tax Administration Act 28 of 2011, South African Revenue Service (SARS) will only register members of approved professional bodies as tax practitioners. Only registered tax practitioners may provide advice with respect to the application of a tax law, and complete or assists in completing a return for another person or company.
SAIT publishes TaxTalk every two months. The magazine deals with tax issues for the South African market. [6] In 2014, in comparison to the global average top rate of 32%, South Africa’s top personal income tax rate of 40% was high, and in comparison to the global average corporate tax rate of 24%, South Africa's was 28%.
SARS eFiling is the South African governments official online tax returns submission portal for the South African Revenue Service (SARS). SARS eFiling provides free services to individual taxpayers, trusts, companies and tax practitioners to submit tax returns, submit declarations and make relevant payments in an online environment.
The establishment of a Pan-African association for tax institutes was initiated and spearheaded by Stiaan Klue, the Chief Executive of the SA Institute of Tax Practitioners (SAIT). [1] The AATI was launched during a meeting of Presidents of Taxation Institutes and Heads of Revenue Agencies in Africa in Lagos in June 2011.
In 2011 FISA introduced a professional examination, in co-operation with the School of Financial Planning Law at the University of Free State, which gives successful candidates the designation of Fiduciary Practitioner of South Africa (FPSA). [10] FISA also has a Bursary Trust Fund, through which it pays for the tuition of successful applicants.
ENS (Edward Nathan Sonnenbergs) is Africa's largest law firm. [4] ENS currently has over 620 practitioners and was established over 100 years ago. The firm specialises in all commercial areas of Law, Tax, Forensics and IP. The firm is a Level 2 Broad-Based Black Economic Empowerment (BBBEE) contributor. [5]
Gbeho said he wanted the WAUTI to be a platform of developing and harmonizing tax policies in West Africa. [10] Gbeho noted that the ECOWAS countries had agreed on a minimum 20% ratio of revenue to gross domestic product (GDP), which was required if ECOWAS was to established a monetary union, as had been discussed.
In 2014, 20 years since South Africa became a full democracy, the University of Cape Town marked that milestone, of the introduction of income tax in South Africa, with the "INCOME TAX IN SOUTH AFRICA: THE FIRST 100 YEARS 1914 – 2014" conference and later, a publication of papers presented. [30] [29] [31]