Membership Fees 2019

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

Excluding Vat Vat Including Vat

Financial Accountant in Practice

Annual Subscription Fee
5227.46 784.12 6011.58
Includes R5m Professional Indemnity Insurance

Certified Tax Practitioner

Annual Subscription Fee 3012.46 451.87 3464.33
Includes R5m Professional Indemnity Insurance

Associate Tax Practitioner

Annual Subscription Fee 2467.46 370.12 2837.58
Includes R5m Professional Indemnity Insurance

Close Corporation as Accounting Officer

Annual Close Corporation Subscription Fee 1400.00 210.00 1610.00

Financial Accountant in Commerce

Annual Subscription Fee
2050.00 307.50 2357.50

Technical Accountant

Annual Subscription Fee
1290.00 193.50 1483.50

Approved Training Centre (ATC)

Annual Subscription Fee
00.00 00.00 00.00

Students on Learnership

Annual Subscription Fee
1092.00 163.80 1255.80

Students Other

Annual Subscription Fee
00.00 00.00 00.00

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 Base Amount 2019 February 2019 March 2019 April 2019 >
15% Penalty
25% Penalty
40% Penalty
Accounting Officer 4685.00 702.75 1171.25 1874.00
Accountant in Commerce 2050.00 307.50 512.50 820.00
Technical Accountant 1290.00 193.50 322.50 516.00
Certified Tax Practitioner 2470.00 370.50 617.50 988.00
Associate Tax Practitioner 1925.00 288.75 481.25 770.00

Your membership will be automatically terminated if your subscriptions are still outstanding by 30th April 2019 and you have not contacted the office to arrange payment.

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