The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Tax & SARS
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.
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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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CIPC will close to the public from 10:00 on 24 December 2026 until 4 January 2027. Businesses should plan company filings, document lodgements and compliance work before the year-end cut-off.
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The IASB has decided to proceed with a targeted amendment that could give eligible SMEs with an investment entity parent relief from consolidating certain subsidiaries. South African finance teams should monitor the final amendment, eligibility criteria and local implementation implications.
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South African SMEs should treat November’s VAT and company provisional-tax dates as a coordinated cash-flow control, not separate compliance tasks.
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A recent IFRS Interpretations Committee agenda decision confirms that changes to an investee’s governing documents may require an entity to reassess whether it still controls that investee. South African groups reporting under IFRS should review governance changes before finalising consolidation conclusions.
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The IASB has moved a proposed consolidation exception for certain IFRS for SMEs entities closer to finalisation. South African groups should review whether the proposal could affect their 2027 reporting plans, but it is not yet an enacted requirement.
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The IASB has tentatively agreed to propose a measurement approach for certain financial liabilities arising from contingent settlement provisions. South African finance teams should treat this as a standards-development issue, not an enacted requirement, but may wish to identify affected contracts before further proposals emerge.
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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.
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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.
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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.
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