Tax & SARS
SARS diesel refund access now depends on profile validation
Businesses using South Africa’s Diesel Refund Scheme must validate and confirm their SARS legal-entity profiles before registering on the new system.
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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 & SARS
SARS filing deadline: 16 days left for non-provisional taxpayers
Non-provisional taxpayers who still need to submit their 2026 income tax returns have until 23 October 2026. Businesses should help employees and owner-managers confirm their personal tax obligations, supporting documents and SARS profile details before the deadline.
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Tax and Compliance
SARS expands CRS reporting scope to digital wallets and e-money
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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Compliance
CIPC adds OTP checks to company director amendments
CIPC is introducing stronger verification for certain company director amendments, including one-time password confirmations by a majority of the board.
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Tax and Customs Compliance
SARS extends customs accreditation window retrospectively
SARS has amended the customs rules for accredited clients, extending a key period from six to 18 calendar months with retrospective effect from 1 September 2025. Importers and exporters should review affected applications, records and internal compliance calendars.
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Tax & SARS
SARS expands Global Minimum Tax administration: what local entities should check
SARS has expanded its Global Minimum Tax administration to cover information exchange, GMT03 declarations, payment processing, assessments and penalties. South African entities within affected multinational groups should confirm their local responsibilities and internal controls.
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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 VAT modernisation: what SMEs should prepare for now
SARS is consulting on a proposed digital VAT model involving e-invoicing, secure data exchange and e-reporting. No mandatory implementation date has been confirmed, but South African VAT vendors should begin assessing their systems before the consultation closes on 16 October 2026.
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Compliance
CIPC beneficial ownership upgrade: what companies should check now
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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Tax & SARS
SARS adds eFiling tool to correct wrongly merged tax profiles
SARS now allows taxpayers, registered representatives and tax practitioners to request the unmerging of incorrectly merged eFiling cases online. Businesses should review their tax profiles after any correction.
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Compliance
CIPC publishes final annual-return deregistration notice
CIPC published Publication No. 2026-1781 on 21 October 2026, relating to the final deregistration of companies and close corporations for annual-return non-compliance. Businesses should verify their CIPC status and address any outstanding filings promptly.
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