Membership Fees 2020
Membership Fees are due and payable by 1st January every year.
| Excluding Vat | Vat | Including Vat | |
Financial Accountant in Practice |
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Annual Subscription Fee
|
5372.35 | 805.85 | 6178.20 |
|
Includes R5m Professional Indemnity Insurance
|
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Certified Tax Practitioner |
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| Annual Subscription Fee | 3090.89 | 463.63 | 3554.50 |
| Includes R5m Professional Indemnity Insurance | |||
Associate Tax Practitioner |
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| Annual Subscription Fee | 2529.57 | 379.44 | 2909.01 |
| Includes R5m Professional Indemnity Insurance | |||
Close Corporation as Accounting Officer |
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| Annual Close Corporation Subscription Fee | 1442.00 | 216.30 | 1658.30 |
Financial Accountant in Commerce |
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Annual Subscription Fee
|
2529.57 | 379.44 | 2909.01 |
Technical Accountant |
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|
Annual Subscription Fee
|
1328.70 | 199.31 | 1528.01 |
Approved Training Centre (ATC) |
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Annual Subscription Fee
|
00.00 | 00.00 | 00.00 |
Students on Learnership |
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|
Annual Subscription Fee
|
1124.78 | 168.72 | 1293.50 |
Students Other |
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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 | Subs 2020 | February 2020 | March 2020 | April 2020 |
|
15% Penalty
|
25% Penalty
|
40% Penalty
|
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| Accounting Officer | 4825.55 | 723.83 | 1206.39 | 1930.22 |
| Accountant in Commerce | 2111.48 | 316.72 | 527.87 | 844.59 |
| Technical Accountant | 1328.70 | 199.31 | 332.18 | 531.48 |
| Certified Tax Practitioner | 2544.07 | 381.61 | 636.02 | 1017.63 |
| Associate Tax Practitioner | 1982.77 | 297.42 | 495.69 | 793.11 |