SA Institute of Tax Practitioners
 |
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| Abbreviation | SAIT |
|---|---|
| Formation | 2007 |
| Founder | Stiaan Klue |
| Type | Professional association and regulating controlling body of tax professionals |
| Headquarters | Pretoria, Gauteng |
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Membership
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12 142 |
|
CE
|
Keith Engel |
| Affiliations | International Tax Directors' Forum and African Association of Tax Institutes |
| Website | http://www.thesait.org.za |
The South African Institute of Tax Professionals (SAIT) is a recognised professional body focusing solely on taxation. It is a registered professional body under the National Qualifications Framework Act, 2008. The Institute is a professional association of tax professionals regulating tax practitioners in South Africa. SAIT promotes and focuses on the public interest, professional standards, ethics and integrity, albeit promoting the tax industry and its members.
SAIT is a Not for Profit professional body incorporated in 2007 by a group of tax professionals and educators. The SAIT is governed by a Constitution, with a Board elected by members.
When SAIT was formed in 2007 by its main founder Stiaan Klue, the Institute announced that one member of the Board may be nominated by the South African Revenue Service (SARS). SARS said they agreed in principle with the general objectives of SAIT.
In 2014 SAICA joined SAIT and other SARS recognised controlling bodies to host the Tax Indaba - SAIT is the founder of the Tax Indaba in South Africa.
Other organisations representing tax professionals in the country are the South African Institute of Chartered Accountants (SAICA) and the South African Institute of Professional Accountants (SAIPA).
In March 2011 the CEO of the Institute, Stiaan Klue, joined with Nicolaas van Wyk of the Association of Chartered Certified Accountants in calling for simplification of South African tax laws, pointing out that many businesses remained in the informal sector due to the cost and difficulty of registration. SAIT publishes TaxTalk every two months to 10,200 recipients. The magazine deals with tax issues for the South African market.
In 2014, in comparison to the global average top rate of 32%, South Africa’s top personal income tax rate of 40% was high, and in comparison to the global average corporate tax rate of 24%, South Africa's was 28%. According to SAIT, that suggested that South Africa’s tax burden is high compared to other jurisdictions. Because it was important for South Africa to be competitive, in order to encourage economic growth, SAIT recommended to Parliament that they reduce the corporate tax rate to bolster foreign direct investment, infrastructure development and growth.
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