CIPC has reminded companies that annual Compliance Checklist submissions are mandatory for several company types. SMEs should treat the checklist as an ongoing Companies Act control, not a once-a-year administrative task.
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.
South Africa’s audit regulator has highlighted audit quality, technology and sustainability assurance as priorities, giving finance teams useful signals for stronger reporting controls.
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 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.
A valid SARS Tax Compliance Status can support access to tenders, funding and commercial opportunities. SMEs should treat it as an ongoing control, not a once-off certificate request.
SARS has extended the deadline for certain provisional taxpayers who received an automatic assessment to request a reduced or additional assessment. Businesses and sole proprietors should use the extra time to review their tax information, rather than delay action.
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.
A recent High Court decision shows how SARS may seek to preserve and realise property linked to unpaid tax while legal proceedings continue. South African finance teams should treat tax-debt monitoring and asset records as core controls.
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.
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.
SARS has revised the Third-Party Appointment process for employers. Payroll teams should update e@syFile, review AA88 notices promptly and strengthen controls around deductions and payments to SARS.