Members with the designation BAP(SA) will soon be able to practice as tax practitioners using their existing BAP(SA) designation. This means:
- No extra membership fees, and
- BAP(SA)s will be recognised as both an accounting officer and tax practitioner.
SAIBA has formally engaged SARS on becoming a Recognised Controlling Body (RCB). As an RCB SAIBA will be able to register BAP(SA)s as Tax Practitioners if the BAP:
- Membership fees to SAIBA is fully paid and up to date.
- Has obtained all the required CPD hours for the year including 15 tax related CPD hours per year.
- Has submitted their CPD hours to SAIBA.
- Has committed to the IFAC code of conduct, NOCLAR, and the SAIBA disciplinary process.
- Has completed the SAIBA Annual Practicing Licence.
- Is registered with both SAIBA and SARS.
Section 240A of the Tax Administration Act (TAA) requires that all tax practitioners register with a recognised controlling body. It is a criminal offence not to register with both a recognised controlling body and SARS.
As a BAP(SA) the TAA requires you to register with SAIBA and SARS to become a tax practitioner if you are a natural person who:
- Provides advice to any other person about the application of a tax Act; or
- Completes or assists with the completion of a return for another person
- For more information look at the Registration Process for Tax Practitioners.
SAIBA will continue to work closely with:
- our sister body The South African Institute for Tax Professionals to provide tax technical support to members, and the
- SAIBA CPD provider the SA Accounting Academy to provide CPD to members.
For more information on our “in process” RCB status contact: email@example.com or call the office at 0126431800.