The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Accounting & Reporting
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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A new SAICA VAT registration FAQ highlights the need for SMEs to reassess turnover, registration status and supporting records under South Africa’s 2026 VAT thresholds.
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CIPC has introduced the first phase of an updated director amendment process, adding OTP confirmations for certain small companies. SMEs should review director records and internal approval controls before submitting changes.
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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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SARS guidance confirms that schools leaving the VAT system must complete key corrections, asset reviews and credit-note processes by the November 2026 VAT period.
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SARS has reminded small businesses that using a tax practitioner does not transfer responsibility for the accuracy of submissions. SMEs should strengthen their practitioner checks and approval controls.
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South Africa’s Companies Amendment Act changes remuneration reporting and annual financial statement obligations. Finance teams should confirm which disclosures and AGM processes apply to their company.
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SARS published six tariff amendments on 6 November 2026. Importers, vehicle assemblers and fuel-intensive businesses should review costing, customs and diesel-refund controls before the effective dates.
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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 IFRS Interpretations Committee update puts residual-value estimates under the spotlight. South African finance teams using IAS 16 should review their asset assumptions before year-end.
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SARS has published updated validation rules for 2027 employee tax certificates. Employers should review payroll data, certificate fields and reconciliation controls before the next submission cycle.
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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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