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 |