SARS has updated its Automatic Exchange of Information reporting environment to support CRS Schema 3.0. Reporting financial institutions should review data, due-diligence and submission controls before their next filing.
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.
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.
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.
The SARB is inviting comment on a proposed Synthetic Financial Centre framework. Although it is not yet law, affected institutions should begin assessing the potential accounting, tax and control implications of managing qualifying offshore portfolios from South Africa.
SARS has reminded employers that the 2026 Employer Interim Reconciliation Declaration deadline is 31 October. Businesses should submit, verify and resolve payroll discrepancies before the filing window closes.
Companies with a June financial year-end may have until 31 December 2026 to submit their ITR14 returns. Starting the tax pack early can help finance teams resolve missing records, reconcile balances and reduce last-minute filing risk.
SARS has reminded employers that PAYE must be paid within seven days after month-end, with earlier payment required when the seventh day falls on a weekend or public holiday. SMEs should review payroll calendars, payment controls and filing responsibilities before the next submission cycle.
SARS’s October 2026 SMME guidance reminds businesses to confirm that the correct registered representative is linked and activated before managing tax affairs on eFiling.
SARS has revised its Authorised Economic Operator accreditation policy, including transitional arrangements and an extended transactional period. Importers should review their customs records, authorisations and internal controls.
A practical insight for South African businesses on protecting SARS eFiling access, verifying suspicious messages and keeping security contact details current.
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.