Accounting & Reporting
SAICA seeks comment on IFRS 18 headline earnings changes
SAICA has proposed amendments to its Headline Earnings Circular to align with IFRS 18. Comments are due on 13 October 2026.
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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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Accounting & Reporting
IASB IFRS 9 proposal: review contingent settlement liabilities
The IASB has tentatively agreed to propose a measurement approach for certain financial liabilities arising from contingent settlement provisions. South African finance teams should treat this as a standards-development issue, not an enacted requirement, but may wish to identify affected contracts before further proposals emerge.
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Accounting & Reporting
IFRS 10 control reassessment: what South African groups should review
A recent IFRS Interpretations Committee agenda decision confirms that changes to an investee’s governing documents may require an entity to reassess whether it still controls that investee. South African groups reporting under IFRS should review governance changes before finalising consolidation conclusions.
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Tax & SARS
SAICA calls for more predictable tax-law consultation timelines
A recent SAICA submission on the 2026 MTBPS highlights the practical cost of compressed consultation periods. South African businesses should distinguish between policy proposals, draft bills and enacted tax rules before changing their accounting or tax processes.
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Accounting & Reporting
Medical schemes: CMS audit-quality submissions due by 20 November
The Council for Medical Schemes’ Audit Quality Indicators submission platform is now live. Medical scheme audit and risk committees should confirm their assessments, supporting documents and submission responsibilities before the 20 November 2026 deadline.
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Tax & SARS
INSIGHT: Build November VAT and provisional-tax cash flow into your SME plan
South African SMEs should treat November’s VAT and company provisional-tax dates as a coordinated cash-flow control, not separate compliance tasks.
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Tax & SARS
SARS VAT modernisation: prepare your data now
SARS’s proposed Digital VAT Model will eventually connect invoicing, accounting systems and SARS through e-Invoicing, an interoperability framework and e-Reporting. SMEs have time to prepare, but should start by improving the quality and structure of their VAT records.
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Accounting & Reporting
IASB cash-flow proposals: what finance teams should monitor
The IASB is considering proposed changes to how acquisition-related payments are classified in statements of cash flows. The decisions are not yet final, but South African finance teams can start assessing whether current transaction records will support clearer reporting if the proposals proceed.
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Tax & SARS
SARS third-party data deadline: checks for reporting businesses
Businesses that submit third-party data to SARS have until 31 October 2026 to report information for the period ended 31 August. Accurate data matters because SARS uses it to pre-populate and assess tax returns.
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Accounting & Reporting
INSIGHT: IASB moves revised equity-method standard closer to 2027 release
The IASB has completed its technical discussions on a revised IAS 28. South African groups with associates or joint ventures should use the runway to map affected balances, transactions and disclosures before the proposed 2029 effective date.
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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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