CIBA was awarded the status of Recognised Controlling body (RCB) in terms of Section 240A(2) of the Tax Administration Act on 27 May 2021 by SARS, meaning CIBA tax practitioner licenses enable members to register with SARS as a tax practitioner.
CIBA’s Licensed Tax Practitioner: Advisor license assess the practitioner’s commitment to providing ethical tax services and on successful completion demonstrates the competency level of a CIBA designation holder to compile and advise on tax related matters.
The Tax Advisor’s level of expertise surpasses the level of expertise of the Licensed Tax Practitioner: Compiler. The Tax Advisor has extensive experience and expertise in the industry with a thorough understanding of tax law and provides services, over and above the Tax Compiler duties and provides services for individuals with complex business structures, trusts and businesses of large sizes, relating to corporate, personal, value-added and payroll taxation:
- preparing, reviewing and submitting tax returns,
- reviewing completed tax records,
- verifying and availing source documents,
- submitting tax objections,
- managing SARS queries, audits and assessments prior to judicial involvement.
- provide advice and planning, and
- write tax opinions.
The license includes two assessments. Assessment 1 requires the member to complete an assessment on SAIBA’s Statement of Standards on Tax. The Statement of Standards on Tax is provided as part of the license content and forms the professional foundation of a CIBA member’s tax profession. Assessment 2 assess the member’s technical competencies relating to VAT, Corporate, Individual and Payroll Taxes. Questions are referenced to the applicable legislation.