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
'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:
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
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.
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
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