New Tax Agents’ Regime: Time to act is now!

The legislation to replace the current regulation of tax agents was introduced into Parliament in 2008 and passed along with separate transitional legislation in 2009. The regime gets underway on 1 March 2010. As with other new or revised regulatory regimes, there are borderlines that have to be established and which are currently uncertain in application. There is the potential for many corporate group service companies, funds management entities, financial advisers and others to have to register as tax agents under the new regime.  For our full Tax Brief - click here