Membership Fees – 2018

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

Excluding Vat Vat Including Vat
Financial Accountant in Practice
Annual Subscription Fee
4952.46 693.34 5645.80
Includes R3m Professional Indemnity Insurance
Certified Tax Practitioner
Annual Subscription Fee 2862.46 400.741 3263.20
Includes R3m Professional Indemnity Insurance
Associate Tax Practitioner
Annual Subscription Fee 2347.46 328.64 2676.10
Includes R3m Professional Indemnity Insurance
Close Corporation as Accounting Officer
Annual Close Corporation Subscription Fee 1320.00 184.80 1504.80
Financial Accountant in Commerce
Annual Subscription Fee
1925.00 269.50 2194.50
Technical Accountant
Annual Subscription Fee
1210.00 169.40 1379.40
Approved Training Centre (ATC)
Annual Subscription Fee
00.00 00.00 00.00
Students on Learnership
Annual Subscription Fee
1030.00 144.20 1174.20
Students Other
Annual Subscription Fee
00.00 00.00 00.00

Additional Assessment Fees for New Members

Accounting Officer Assessment Fee 2300.00 322.00 2622.00
Tax Practitioner Assessment Fee 1050.00 147.00 1197.00
ATC Assessment Fee 2300.00 322.00 2622.00

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 2018 February 2018 March
2018
April
2018 >
15% Penalty
25% Penalty
40% Penalty
Accounting Officer 4420.00 663.00 1105.00 1768.00
Accountant in Commerce 1925.00 288.75 481.25 770.00
Technical Accountant 1210.00 181.50 302.50 484.00
Certified Tax Practitioner 2330.00 349.50 582.50 932.00
Associate Tax Practitioner 1815.00 272.25 453.75 726.00

Your membership will be automatically terminated if your subscriptions are still outstanding by 30th April 2018 and you have not contacted the office to arrange payment.