The Tax Administration Act now requires tax practitioners to register with a recognised controlling body and with SARS. This means that only the following parties may legally submit a tax return:
- The taxpayer
- A registered tax practitioner
While many individuals still make use of people (other than the above) to submit their tax returns, such reliance may prove extremely detrimental to the taxpayer should something go wrong. It is our advice that, unless the taxpayer is 100% confident in submitting their tax return themselves, they should make use of a registered tax practitioner only for submission of their tax returns.
Requirements for Registered Tax Practitioners
- Chartered Institute of Management Accountants (CIMA)
- Chartered Secretaries Southern Africa (CSSA)
- Financial Planning Institute (FPI)
- Institute of Accounting and Commerce (IAC)
- SA Institute of Chartered Accountants (SAICA)
- SA Institute of Professional Accountants (SAIPA)
- SA Institute of Tax Practitioners (SAIT)
- The Association of Chartered Certified Accountants (ACCA)
- Association of Accounting Technicians Southern Africa (AAT(SA))
- Law Society of South Africa
- General Council of the Bar of South Africa, Bar Councils and Societies of Advocates referred to in Section 7 of the Admission of Advocates Act, 1964
- Independent Regulatory Board for Auditors (IRBA)
Apart from any legal requirement to use a registered tax practitioner to submit your tax return, there are also numerous other benefits such as:
- Having the peace of mind in knowing that a tax professional has submitted your tax return. This includes ensuring that you receive the maximum tax benefits.
- Tax practitioners can deal with SARS a lot easier than general members of public. This includes making enquiries and appointments with SARS.
SARS have created a facility on their website for you to check the validity of your tax practitioner – you can do so here.