Dear Subscriber,

The South African Institute of Tax Practitioners (SAIT) was recently constituted as a non-profit Institute where tax professionals can register and obtain professional membership.

SAIT is devoted to regulating the tax profession in South Africa and see this as a vital part in increasing the compliance culture of all South Africans. The Institute further promotes an inclusive environment in the tax fraternity where all stakeholders, including the ICB, CIMA, ACCA, SAIPA, and any other professional body, as well as SARS, are consulted and included in matters relating to the tax profession.

SAIT was constituted to serve the interests of the tax profession and society by upholding professional standards and integrity, and promoting the tax industry and its members in South Africa.

Secondly, SAIT serves as a 'home' to tax professionals that do not belong to any other professional body and wish to obtain professional membership status.

Membership to the SAIT provides benefits to its members such as:

• Professional recognition
• Technical assistance on complex tax issues
• Setting standards for education and training within the tax profession
• Assistance with continuing professional development (CPD)
• Updates on changes in tax legislation
• Representation with SARS on relevant issues
• Building the brand of South African tax professionals, nationally and internationally
• Representation with other relevant stakeholders, e.g. universities, technical colleges, and other accredited providers of education, training and development within the tax profession
• Networking opportunities with other tax professionals
• Regional forums to meet with fellow members to discuss developments and strategic issues of concern

With the agreement that has been concluded with SAIT and TAXtalk, the TAXtalk magazine will now be available, to all SAIT members, free of charge.

If you are a tax practitioner and you would like to start receiving the magazine immediately, go and register now with the South African Institute for Tax Practitioners (SAIT) to receive your copy.

Please visit the SAIT website for more information on Recognition of Prior Learning (RPL), Continuing Professional Development (CPD), and the Tax Professionals requirements to register with SAIT.



Tax Issues
SARS has made great strides in becoming a more taxpayer-friendly environment in recent years. Billy Joubert, director at Deloitte will discuss improvements in service delivery on Tax Issues, broadcast on Summit TV (DSTV channel 55) at 20h40 & 22h40 on Wednesday evenings and at 7h30 on Thursday mornings.

Subscribe online in less than two minutes.

Till next week.
Janine Connor
Executive Editor & Head of TAXtalk

Thevendrie Brewer, Director, Business Advisory Services - Ernst & Young

Like their international counterparts, chief financial officers in South African corporations have faced significant and lasting changes over the past five years. With a dramatic increase in focus on corporate governance from shareholders and regulatory bodies, the role of the CFO is more dynamic than ever before with increased responsibility and influence residing in this office.

TAXtalk Magazine

Remember that the formula for calculating income tax payable is the same, no matter whether you are a JSE listed company, a CC, Trust or Partnership.

eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

• Indirect Taxes Manager, Parker Hannifin, Lausanne, Switzerland
• Transfer Pricing Advisor, Shell, London, UK
• Tax Compliance Advisor, Shell, The Hague, Holland
• Senior Tax Manager (International), Abu Dhabi, UAE
• Venture Capital Tax Manager, In-House, London, UK

Interview with Billy Joubert, director at Deloitte - Summit TV

SARS has made great strides in becoming a more taxpayer-friendly environment in recent years. Billy Joubert, director at Deloitte discussed improvements in service delivery on Tax Issues, broadcast on Summit TV on Wednesday.

PriceWaterhouseCoopers

In the case of short-term international assignments between group companies, the function of the employer can be taken on by the foreign company.

Simon Perry, Global Private Equity Leader - Ernst & Young

The annual rate of growth in enterprise value (EV) achieved last year by the largest Private Equity-backed businesses significantly outperformed equivalent public companies in the same country, industry sector and timeframe. Average annual EV growth rates were 33% in the US and 23% in Europe, compared to public company equivalents of 11% and 15% respectively.

TAXtalk invites you to write an article in which you share your views and expertise on tax. Your article can be published in the newsletter for 7000 readers to view, on our website for over 100 000 viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read. Make an impression, submit your article NOW.

Article Requirements:
1 Page Article : 900 words  1½ Page Article : 1350 words  2 Page Article : 1800 words
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Submit your article to: janine@taxtalk.co.za or post it to: (P.O Box 1650 Gallo Manor 2052)