Membership Fees 2021

Membership Fees are due and payable by 1st January every year.

Membership Category

Excluding VAT

VAT

Including VAT

Financial Accountant in Practice
     
Annual Subscription Fee 5517.12 827.57 6344.69
Includes R5m Professional Indemnity Insurance      
       
Financial Accountant in Commerce
     
Annual Subscription Fee 2174.84 326.23 2501.07
       
Financial Accountant in Commerce/Certified Tax Practitioner
     
Annual Subscription Fee 3167.23 475.07 3642.30
Includes R5m Professional Indemnity Insurance      
       
Financial Accountant in Commerce/Associate Tax Practitioner
     
Annual Subscription Fee 2589.03 388.35 2977.38
Includes R5m Professional Indemnity Insurance      
       
Technical Accountant
     
Annual Subscription Fee 1368.56 205.28 1573.84
       
Technical Accountant/Certified Tax Practitioner
     
Annual Subscription Fee 3167.23 475.07 3642.30
Includes R5m Professional Indemnity Insurance      
       
Technical Accountant/Associate Tax Practitioner
     
Annual Subscription Fee 2589.03 388.35 2977.38
Includes R5m Professional Indemnity Insurance      
       
Certified Tax Practitioner
     
Annual Subscription Fee 3167.23 475.08 3642.31
Includes R5m Professional Indemnity Insurance      
       
Associate Tax Practitioner
     
Annual Subscription Fee 2589.03 388.35 2977.38
Includes R5m Professional Indemnity Insurance      
       
Close Corporation as Accounting Officer
     
Annual Subscription Fee 1485.26 222.79 1708.05
       
ATC
     
Annual Subscription Fee 0.00 0.00 0.00
       
Students on Learnership
     
Annual Subscription Fee 1158.50 173.77 1332.27
       
Students Other
     
Annual Subscription Fee 0.00 0.00 0.00

Additional Assessment Fees for New Members

Accounting Officer Assessment Fee 2450.00 367.50 2817.50
Tax Practitioner Assessment Fee 1115.50 167.25 1282.25
ATC Assessment Fee 2450.00 367.50 2817.50

Honorary Life Members: Free Membership

BANK ACCOUNT DETAILS:

Bank
Account Name
Branch
Universal Branch Code
Account Type
Account Code
Nedbank
The Institute of Accounting & Commerce
Southern Peninsula
198765
Current
1103711784

Penalties For Late Payment:

Membership Category Subs 2021 March 2021 April 2021 May 2021
15% Penalty
25% Penalty
40% Penalty
Accounting Officer 4970.32 745.55 1242.58 1988.13
Accountant in Commerce 2174.84 326.23 543.71 869.94
Technical Accountant 1368.56 205.28 342.14 547.42
Certified Tax Practitioner 2620.43 393.06 655.11 1048.17
Associate Tax Practitioner 2042.23 306.33 510.56 816.89

Your membership will be automatically terminated if your subscriptions are still outstanding by 30th April 2020 and you have not contacted the office to arrange payment.

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