Use LinkedIn or an email
Use LinkedIn or an email
Enter email to reset password
SAIBA members that have obtained a designation and have been awarded a SAIBA Tax Practitioner License are recognised by SARS as Tax Practitioners in terms of Section 240 of the Tax Administration Laws Amendment Act 21 of 2012.
Section 240 of the Act requires that every person (except certain groups specifically excluded) that either:
must register as a tax practitioner with the South African Revenue Service (SARS) and a Recognised Controlling Body (RCB), or a body whose members fall under the jurisdiction of a controlling body.
Only registered tax practitioners are allowed to advise clients on their tax affairs or complete tax returns, for a fee. Accountants that provide these services without being registered as a tax practitioner with SARS, and a controlling body will be guilty of a criminal offense.
SAIBA is an RCB with SARS and can set its own admission criteria prior to allowing a designated member to be licensed.
The qualification requirements include:
In addition SAIBA is required to monitor the conduct of the tax practitioners that we license:
SAIBA is a professional body for accountants and finance executives. Our Designations are symbols of quality, commitment, ability, and trust. Employers and clients value these characteristics.
Standards are the foundation of a profession.
SAIBA aids its members in fulfilling their ethical responsibilities by instituting and maintaining standards against which their professional performance can be measured. Compliance with professional standards of tax practice also reaffirms the public’s awareness of the professionalism that is associated with SAIBA designations.
This publication provides SAIBA members with enforceable tax practice standards, called SAIBA Tax Standards (STSs or statements). These statements apply to all designated SAIBA members who have applied to become a Licensed Tax Practitioner.
Interpretations of these statements may be issued as guidance to assist in understanding and applying the statements. The STSs and their interpretations are intended to complement other standards of tax practice and general statements issued on Tax Practitioner Conduct and disciplinary procedures by SARS from time to time.
Download the SAIBA Tax Standards here:
Relevant laws and regulations that establishes the appointment of tax practitioners:
Only tax practitioners area allowed to provide tax services
The Tax Administration Laws specifies that only tax practioners that are registered with SARS and an RCB such as SAIBA my provide tax services to clients.
There are more than 6,3 million personal income tax filers, and 539 000 corporate tax filers in South Africa.
As a SAIBA licensed tax practitioner these are now your potential clients.
Everyone wants to increase fee income and build a successful accounting and tax practices. It gives you self-confidence and helps you take care of your family.
As a SAIBA licensed tax practitioner you can provide services related to all of the following tax types:
SAIBA is a Recognised Controlling Body (RCB) for tax practitioners. As an RCB we are required to monitor and sanction compliance to standards of member conduct. We perform this function by ensuring compliance by our members to the SARS tax practitioner requirements, and the SAIBA Tax Standards. We offer CPD and training courses to help guide members with their everyday challenge in the workplace. We lobby government and SME associations to allocate work to SAIBA licenced tax practitioners. We support our licensed tax practitioners with amazing resources and benefits. Support includes:
Advantages of obtaining a SAIBA Tax License
SAIBA rewards members for their ethical conduct. In addition to the rewards associated with a designation, SAIBA tax practitioner license holders are also allocated the following rewards:
Study the requirements to obtain a SAIBA tax license.
SAIBA issues Tax Standards to guide your professional tax engagements.
The firm should study any relevant laws, regulations, founding documents or contract terms to determine the qualifications of the persons required to perform the engagement, prior to performing the engagement.
Members are required to register with www.saiba.academy and read www.accountingweekly.com to stay updated and do a specialist license to unlock additional advisory work.
In summary you can:
SAIBA has provided a number of guides, videos and PowerPoint slides that will assist accountants with understanding their responsibilities in terms the various types of engagements: