Accounting & Reporting
Record retention: the seven-year and five-year rules SMEs must align
A practical accounting insight on aligning company and tax record-retention requirements before old financial documents are deleted.
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Tax & SARS
SARS guide brings creator income into sharper tax focus
SARS has issued new guidance explaining how social media influencers and content creators should treat cash, barter benefits, platform income, provisional tax, VAT and business records.
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VAT and Tax Compliance
Insight: Five VAT invoice checks before your next VAT201
A practical review of tax invoices, supporting records and VAT201 figures can help South African VAT vendors reduce avoidable errors before submitting their next return.
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Tax & SARS
SARS VAT fraud case highlights the controls SMEs should tighten
A recent SARS investigation into alleged VAT refund fraud is a timely reminder for South African businesses to strengthen VAT records, approval controls and supporting-document checks.
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Tax and SARS
SARS eFiling unmerge function: fix duplicate company profiles before filing
SARS now allows taxpayers, registered representatives and tax practitioners to request the unmerging of incorrectly combined entity records directly on eFiling. Businesses should review their profiles before submitting tax returns or making payments.
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Accounting & Reporting
Month-end close: the tax checks SMEs should not skip
A disciplined month-end close helps South African SMEs make better tax estimates, spot missing records and avoid preventable compliance issues. Here are practical checks finance teams can build into their routine.
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Tax and Compliance
SARS flags retrospective amendments to customs accreditation rules
SARS has announced amendments to the rules governing accredited customs clients, with retrospective effect from 1 September 2025. Importers should monitor the final Government Gazette notice and review supporting records, authorisations and customs-control procedures.
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Compliance
CIPC introduces geolocation for company address changes
CIPC has introduced geolocation functionality for company and close corporation address changes, requiring businesses to confirm physical locations more accurately when updating their registered information.
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Tax & SARS
Tax Administration Laws Amendment Bill: what SMEs should monitor
SARS has published the explanatory summary of the proposed Tax Administration Laws Amendment Bill, 2026. The proposals could affect provisional tax estimates, PAYE obligations, VAT documentation, tax compliance status and penalty administration. The Bill is not yet law, so businesses should monitor the legislative process and prepare their records without treating the proposals as current requirements.
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Tax and SARS
INSIGHT: Section 20A loss ring-fencing: what sole traders should check
SARS has confirmed an important 2026 filing-season change to the tax treatment of certain assessed losses. Sole traders and individuals with side-business income should review whether the revised Section 20A threshold affects their provisional tax estimates and record-keeping.
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Tax and SARS
SARS proposes advance customs rulings: what importers should prepare
SARS has published draft rules for advance customs rulings, setting out proposed application procedures, fees, supporting documents and record-keeping requirements. Importers should review their customs data before the 4 November 2026 comment deadline.
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Tax & SARS
VAT Modernisation: What South African Vendors Should Review Before 16 October
SARS is seeking stakeholder input on a proposed digital VAT model. VAT vendors should review the consultation paper and assess how e-invoicing, e-reporting and system integration could affect their processes.
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