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.
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.
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.
A practical insight for South African businesses on protecting SARS eFiling access, verifying suspicious messages and keeping security contact details current.
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.
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 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.
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.
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.
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.
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.
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.