on air now
NOW PLAYING
Simon Bechus
up next
Up Next
Carly Fields
on air now
NOW PLAYING
Simon Bechus
up next
Up Next
Carly Fields
 

Government to introduce new tax laws


 Government will introduce laws to regulate tax advisory services in the country this year.

Business Day reports that the new regulations will hold tax practitioners accountable for the advice they give to taxpayers, and also rid the industry of rogue practitioners.

The newspaper says the regulatory framework will obligate practitioners to register with a regulatory body before July.

The Tax advisory regulations came after the promulgation of the Tax Administration Amendment Act at the end of 2012.