The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Tax & SARS
SARS’s Payment Advice Notice process gives businesses a practical way to reduce payment-allocation errors. A simple approval and reconciliation routine can help finance teams confirm that PAYE, VAT, income tax and other payments reach the correct SARS account.
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A practical accounting insight on aligning company and tax record-retention requirements before old financial documents are deleted.
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SARS has introduced enhancements to South Africa’s automatic exchange of information reporting framework. Financial institutions and affected service providers should review their data, due diligence and reporting processes before the next submission cycle.
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SARS has published requirements for companies seeking to qualify as a REIT, including asset, rental income, leverage, distribution and governance tests. Property groups should assess their financial reporting and tax controls before the rules apply to a new year of assessment.
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The IASB has extended the comment period for proposed IFRS 9 and IFRS 7 amendments. South African finance teams using hedge accounting should review the proposals before the revised 30 November 2026 deadline.
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SAICA has called for clearer tax treatment of obsolete stock. The proposal is not law, but it highlights why businesses should keep strong inventory records and evidence for write-downs.
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IFRS 18 applies from 1 January 2027. South African finance teams should use the 2026 reporting cycle to map performance measures, income and expenses before comparative information is restated.
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CIPC says entities that fail to comply with issued compliance notices may have that status recorded on their disclosure certificates and may face further enforcement. Companies should review their records and resolve outstanding notices promptly.
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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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A practical insight for South African businesses on protecting SARS eFiling access, verifying suspicious messages and keeping security contact details current.
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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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The CIPC’s upgraded Beneficial Ownership Disclosure Module gives law-enforcement agencies faster access to company ownership information. South African businesses should use the development as a prompt to review the accuracy of their beneficial ownership records, securities registers and supporting documents.
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