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Join a tax professional body today to meet the TAA requirement!

by , 19 January 2013
Just when you thought you'd heard all the implications of the Tax Administration Amendment Bill (TAA), along comes another one that will affect your business. All tax practitioners now have to join a professional body. But there's hope if your business accountant also serves as your tax practitioner, as SAIPA is moving to qualify people that would otherwise not meet the full SAIPA membership requirements.

The South African Institute of Professional Accountants (SAIPA) has launched the Centre of Tax Excellence (CoTE). The new CoTE aims to provide a dedicated tax service centre to existing members as well as new members. The CoTE will award an affiliate membership rolled out in three specific tax designations.
'The Tax Administration Amendment Bill will make it necessary for tax practitioners to join a professional body, and SAIPA is moving proactively to provide a compelling value proposition, to qualifying people that would otherwise not meet the full  SAIPA membership requirements' says Faith Ngwenya, Technical and Standards Executive at SAIPA.
Don't miss out on these 5 key benefits of joining a professional body like SAIPA!

'The move to regulate the tax industry must be welcomed as a way to professionalise it, and tax practitioners will find that joining SAIPA has tremendous advantages,' says Ngwenya.
Key benefits include continuous professional development specific to tax, and professional indemnity insurance designed specifically for the tax industry. The SAIPA Centre of Tax Excellence (CoTE) also offers an online tax knowledge base and a technical tax contact centre for individual advice. Tax designated members will have access to an in-depth tax resource that will equip them with knowledge and skills to better execute their functions.
Tax practitioners can meet the TAA requirement by choosing from three professional tax designations through SAIPA

There are three professional tax designations to choose from through SAIPA, depending on your level of experience. You can choose from:
  1. Professional Tax Technician
This designation is aimed at tax practitioners with a National Diploma in Taxation or a second year pass in a commerce degree (with Financial Accounting II) and at least 18 months of practical training/experience in a tax environment. Eligible candidates will be required to write a SAIPA tax examination.
  1. Professional Tax Practitioner
Qualification for this designation requires a relevant three year degree with Taxation as a major, practical experience within a tax environment as well as writing tax-specific professional examinations. Current members of SAIPA can apply to be awarded a tax designation, which will be added to their professional accountant (SA) designation if they so wish.
  1. Professional Tax Specialist
To be awarded this designation, candidates need a post-graduate degree in Taxation and at least three years' experience in the tax environment. No examination is required.

Here's how you can still join SAIPA if you have the tax experience but no qualification!

When asked if SAIPA's tax designations only recognise a tertiary qualification as a prerequisite, Ngwenya said SAIPA has a Recognition of Prior Learning (RPL) policy. This will screen candidates who don't have a formal university qualification but have many years of relevant experience within a specific field. The RPL committee will thoroughly screen the portfolio of evidence required from candidates requesting recognition in this way and if the evidence is sufficient, candidates will be required to write the examination relevant to the professional designation sought. 
'I urge tax practitioners to see the need to join a professional body as a very positive move that has the potential to help them take their businesses to the next level. Accreditation by SAIPA increases one's marketability enormously; it also opens up a whole new universe of professional training and access to expert help and advice,' Ngwenya concludes.
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  • Press release from Anita van den Berg of PR Republic

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