Membership Fees – 2017

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

Excluding Vat Vat Including Vat
Financial Accountant in Practice
Annual Subscription Fee
4751.49 665.21 5416.70
Includes R3m Professional Indemnity Insurance
Certified Tax Practitioner
Annual Subscription Fee 2766.49 387.31 3153.80
Includes R3m Professional Indemnity Insurance
Associate Tax Practitioner
Annual Subscription Fee 2296.49 321.51 2618.00
Includes R3m Professional Indemnity Insurance
Close Corporation as Accounting Officer
Annual Close Corporation Subscription Fee 1200.00 168.00 1368.00
Financial Accountant in Commerce
Annual Subscription Fee
1750.00 245.00 1995.00
Technical Accountant
Annual Subscription Fee
1100.00 154.00 1254.00
Approved Training Centre (ATC)
Annual Subscription Fee
00.00 00.00 00.00
Students on Learnership
Annual Subscription Fee
935.00 130.90 1065.90
Students Other
Annual Subscription Fee
00.00 00.00 00.00

Additional Assessment Fees for New Members

Accounting Officer Assessment Fee 2125.00 297.50 2422.50
Tax Practitioner Assessment Fee 950.00 133.00 1083.00
ATC Assessment Fee 2125.00 297.50 2422.50

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 Base Amount 2017 February 2017 March
2017
April
2017 >
15% Penalty
25% Penalty
40% Penalty
Accounting Officer 4105.00 615.75 1026.25 1642.00
Accountant in Commerce 1750.00 262.50 437.50 700.00
Technical Accountant 1100.00 165.00 275.00 440.00
Certified Tax Practitioner 2120.00 318.00 530.00 848.00
Associate Tax Practitioner 1650.00 247.50 412.50 660.00

Your membership will be automatically terminated if your subscriptions are still outstanding by 30th April 2017 and you have not contacted the office to arrange payment.