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Tax Practitioners: Declaration & Monitoring process
- 30 October 2024
- Regulatory Compliance and Legislation
- South African Accounting Academy
Summary:
SAICA has issued a notice confirming that their 2024 annual tax compliance status verification and tax practitioner declaration and monitoring process has commenced.
Article:
This applies to all tax practitioners registered with SAICA as its Recognised Controlling Body (RCB).
Please refer to 6-page SAICA 2024 annual tax compliance status verification process document, which outlines the relevant timelines and compliance requirements, which contain, inter alia, the following:
- The tax practitioner declaration process will commence in October/November 2024 – where SAICA will issue annual declarations to tax practitioners to be completed and submitted via the SAICA Member Portal by 6 January 2025.
- All necessary actions on your part will need to be completed by no later than 31 December 2024.
- The monitoring process will commence in January 2025.
- Due date for uploading supporting documents will be Friday, 7 February 2025.
- During February/March 2025, SAICA will be processing the responses submitted by tax practitioners and reviewing the monitoring evidence submitted/uploaded by individual members to test compliance or address documentary challenges and preparing the Recognised Controlling Body (RCB) Compliance report for submission to SARS
- SAICA will be required to report to SARS on the outcome of these processes by Monday, 31 March 2025.
If you are a tax practitioner looking to deregister your SAICA tax practitioner profile, please refer to https://saicawebprstorage.blob.core.windows.net/uploads/resources/Tax-Practitioner-deregistration-guide-SAICA-MEMO-1.pdf for guidance on how to complete this task.
Click here to download the SAICA process document:
Relevance to Auditors, Independent Reviewers & Accountants:
- Tax practitioners registered with SAICA (as their RCB) must declare their compliance to SAICA in line with their relevant memberships on an annual basis.
- All Tax Practitioners must ensure compliance to these requirements by 31 December 2024.