The IRB had proposed to categorise tax agents into 3 categories at a dialogue with the professional bodies on 10 December 2010. The brief proposals are as follows:
Category 1 Tax Agent: deals with non-corporate cases, except investigation and incentive cases.
Category 2 Tax Agent: deals with all tax cases (including corporate and non-corporate cases) except cases on specialised industries (such as sea and air transport, banking, insurance, leasing and petroleum) and incentive cases
Category 3 Tax Agent: deals with all types of tax cases including cases on specialised industries and incentive cases.
The professional bodies have submitted a Joint Memorandum to the IRB to state their views on the proposed categorisation of tax agents. Members will be informed of further developments in due course.
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