- 11 March 2020 – Update on ITR14 return issues:
SARS is aware of the technical issue pertaining the loss source codes 3109, 3111 and 3199. We are working on resolving the issue. In the meanwhile, should taxpayers wish to file their returns, they can do so by using any of the other loss source codes from 3103 to 3127 opting a source code relevant to their business.
Why controlling bodies for Tax Practitioners be recognised?
- listed in section 240A of the Tax Administration Act or
- or be recognised by SARS.
SARS is expected to “Recognise” Controlling Bodies for tax practitioners that provide advice with respect to the application of a tax Act or complete returns if the body remains relevant and effective on their requirements stipulated on the TAAct.
What are the criteria for SARS recognising controlling bodies?
The entity must ensure with regards to such persons that the following are maintained:
• Continuing professional education requirements;
• Codes of ethics and conduct;
• Tax compliance; and
• Disciplinary process and procedures.
The entity must have a minimum of 1 000 members upon recognition or have a reasonable expectation of reaching 1000 members by end of the first year of recognition.
When an entity is recognised as a Recognised Controlling Body, it must submit a report of its members and compliance within the prescribed time period and in the prescribed form and manner.
List of currently recognised controlling bodies
- 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))
The following controlling bodies were automatically recognised in terms of the Act:
- 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)
How does the Controlling Body become recognised?
Below are 6 steps to guide an entity in their application process.
Ensure that the minimum requirements listed on the TAAct are met.
Download the Recognition Controlling Body registration form (RRC01).
Complete the downloaded RRC01 form.
See our steps on how to complete the RRC01 form.
Mail or send the completed RRC01 form together with the required documentation to:
217 Bronkhorst Street
Business hours: Weekdays 8:00 – 16:00 and Wednesdays 9:00 – 16:00
SARS will communicate with the entity via a letter of the success or rejection of the application.
Upon receipt of the successful confirmation letter, the Recognised Controlling Body must submit a list of all their registered tax practitioner members either via individually or bulk submission to SARS. Click here to see how to do data submissions and maintenance of controlling bodies via eFiling.
An entity may request a review where they believe SARS initial assessment is not correct.