All Tax Practitioners are now required to be registered with a recognised controlling body (RCB) as well as with SARS.
A person who is not registered with a RCB and who prepares tax returns on your behalf will only be able to perform limited functions. They may not charge you and they may not submit the return on your behalf.
Even though a Tax Practitioner is completing and submitting your ITR12 on your behalf, the responsibility still rests with you as the taxpayer to make a true declaration and for any outstanding returns, payments and penalties
A member of the Institute is required to comply with the following fundamental principles:
A professional tax practitioner should be straightforward and honest in all professional and business relationships.
A member should not allow bias, conflict of interest or undue influence of others to override professional or business judgments.
Professional Competence and Due Care
A member has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques. A member should act diligently and in accordance with applicable technical and professional standards when providing professional services.
A member must respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose any such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of the professional tax practitioner or third parties.
A member should comply with relevant laws and regulations and should avoid any action that discredits the tax profession.
A member’s primary duty is to ensure that his actions comply with all laws and regulations, including personal tax affairs, and owes a contractual duty to the client to act for him with the requisite degree of skill and care, and the contractual relationship should therefore be governed by a letter of engagement. The member also has duties to the country and the ficus, notably of compliance with the law and the honest presentation of taxpayer client’s affairs.