As we previously reported in Accounting Weekly, Saiba members are now able to become Licensed Tax Practitioners since Saiba received recognition as a Recognised Control Body (RCB) from the South African Revenue Services (Sars).
Members are encouraged to take advantage of this opportunity, which opens up new revenue possibilities for those in professional practice.
The RCB status means that Saiba members are able to directly register with Saiba to obtain their tax practitioner status.
“We are extremely encouraged by the volume of inquiries we have received from Saiba members looking at becoming Licensed Tax Practitioners,” says Saiba CEO, Nicolaas van Wyk. “This is a major milestone for Saiba as an organisation.”
Saiba was awarded the status of RCB in terms of Section 240A(2) of the Tax Administration Act on 27 May 2021 by Sars.
To qualify, you must have a designation
To qualify as a Licensed Tax Practitioner with Saiba, you must have one of the following Saiba designations: BA(SA), CBA(SA), CFO(SA) and BAP(SA).
Dual membership with SAIT
Many Saiba members are dual members of both Saiba and SA Institute of Tax Professionals (SAIT), and this relationship will continue.
Saiba members who hold a dual membership and would prefer to migrate to SAIBA will qualify for the Saiba Tax Practitioner License as follows:
- SAIPA Professional Tax Practitioner (PTP) for the Licensed Tax Practitioner: Compiler
- SAIT General Tax Practitioner (GTP) for the Licensed Tax Practitioner: Advisor
- SAIT Tax Technicians qualifies for the Licensed Tax Practitioner: Compiler
The migration will involve an administration fee as stipulated in the license fee section and the license fee will be renewable as per the SAIT renewal date.
Applying to become a licensed tax practitioner
Designated Saiba members that also want to provide tax services to clients will apply to Saiba to become a licensed tax practitioner and pay an additional license fee.
Expected levels of performance
The taxation services that accountants perform can be divided in general in two categories:
- Compile – To perform taxation calculations and to provide compliance support.
- Advice – To perform basic taxation planning services, provide general advice and views on tax matters affecting a client. This excludes tax specialist work.
Three licences available
There are three licences available to Saiba members:
- Licensed Tax Practitioner: Compiler. The Tax Compiler provides general and less complex tax compliance and support services for individuals and other entities. The entry level requirement for this is BA(SA) – which is equivalent to two years’ experience plus one year for the tax license.
- Licensed Tax Practitioner: Advisor. The Tax Advisor’s level of expertise surpasses the Tax Compiler. The Tax Advisor has extensive experience and expertise in the industry with a thorough understanding of tax law and provides services, over and above the Tax Compiler duties and provides services for individuals with complex business structures, trusts and businesses of large sizes, relating to corporate, personal, value-added and payroll taxation. The entry level requirement for this license is BAP(SA) – equivalent to four years’ experience plus one year for the tax license.
- Licensed Tax Practitioner: Master. The Tax Master’s level of expertise surpasses the Tax Advisor. The Tax Master provides services, over and above the Tax Advisor duties, such as:
- Manage corporate taxation matters of significant complexity;
- Represent taxpayers in court,
- Write specialised tax opinions and
- Mediate tax disputes.
Saiba will issue this license once a person has obtained the Master Tax Practitioner designation with SAIT.
After completing the licenses, the designated member will be able to:
- Identify the appropriate standards applicable in providing tax services
- Promote their uniform application within a tax firm.
- Understanding of members responsibilities when performing tax services.
- Foster increased public compliance with and confidence in our tax system through awareness of good standards of tax practice.
- Enhance the business accountant professional designations.
- Understand SAIBA’s Statement of Standards on Tax
- Be able to apply with SARS as a tax practitioner.
- Understand the licensee’s responsibility when performing tax services.
- Use the license as proof of competency.