Table of Contents:
Of specific interest is the information on the Charging of Contingency Fees:
July marks the beginning of individual filing season. The services of tax practitioners are often sought by taxpayers at this time. It should be noted that SARS prohibits tax practitioners from charging contingency fees calculated as a percentage of the anticipated tax refund due to the taxpayer for the submission of tax returns. This poses a potential moral hazard.
Click here to access the Newsletter:
https://www.sars.gov.za/tax-practitioners/tax-practitioner-connect-issue-34-july-2022/
Relevance to Auditors, Independent Reviewers & Accountants:
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https://accountingacademy.co.za/profession/monthly-legislation-update
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