Membership Fees 2024
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 | 6345.52 | 951.83 | 7297.35 |
| Includes R5m Professional Indemnity Insurance | |||
Financial Accountant in Commerce |
|||
| Annual Subscription Fee | 2493.20 | 373.98 | 2867.18 |
Financial Accountant in Commerce/Certified Tax Practitioner |
|||
| Annual Subscription Fee | 3651.65 | 547.74 | 4199.39 |
| Includes R5m Professional Indemnity Insurance | |||
Financial Accountant in Commerce/Associate Tax Practitioner |
|||
| Annual Subscription Fee | 2988.81 | 448.32 | 3437.13 |
| Includes R5m Professional Indemnity Insurance | |||
Technical Accountant |
|||
| Annual Subscription Fee | 1568.91 | 235.33 | 1804.24 |
Technical Accountant/Certified Tax Practitioner |
|||
| Annual Subscription Fee | 3651.65 | 547.74 | 4199.39 |
| Includes R5m Professional Indemnity Insurance | |||
Technical Accountant/Associate Tax Practitioner |
|||
| Annual Subscription Fee | 2988.81 | 448.32 | 3437.13 |
| Includes R5m Professional Indemnity Insurance | |||
Certified Tax Practitioner |
|||
| Annual Subscription Fee | 3651.65 | 547.74 | 4199.39 |
| Includes R5m Professional Indemnity Insurance | |||
Associate Tax Practitioner |
|||
| Annual Subscription Fee | 2988.81 | 448.32 | 3437.13 |
| Includes R5m Professional Indemnity Insurance | |||
Close Corporation as Accounting Officer |
|||
| Annual Subscription Fee | 1702.69 | 255.40 | 1958.09 |
ATC |
|||
| Annual Subscription Fee | 0.00 | 0.00 | 0.00 |
Students on Learnership |
|||
| Annual Subscription Fee | 1328.10 | 199.21 | 1527.31 |
Students Other |
|||
| Annual Subscription Fee | 0.00 | 0.00 | 0.00 |
Additional Assessment Fees for New Members
| Accounting Officer Assessment Fee | 2600.00 | 390.00 | 2990.00 |
| Tax Practitioner Assessment Fee | 1200.00 | 180.00 | 1380.00 |
| ATC Assessment Fee | 2600.00 | 390.00 | 2990.00 |
| SARS Readiness Programme | 320.00 | 48.00 | 368.00 |
| Police Clearance | 354.61 | 53.19 | 407.80 |
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 2024 | March 2024 | April 2024 | May 2024 |
|
15% Penalty
|
25% Penalty
|
40% Penalty
|
||
| Accounting Officer | 5697.91 | 854.69 | 1424.48 | 2279.16 |
| Accountant in Commerce | 2493.2 | 373.98 | 623.30 | 997.28 |
| Technical Accountant | 1568.91 | 235.34 | 392.23 | 627.56 |
| Certified Tax Practitioner | 3004.04 | 450.61 | 751.01 | 1201.62 |
| Associate Tax Practitioner | 2341.20 | 351.18 | 585.30 | 936.48 |