July 26, 2022

A New ‘Exploring the IESBA Code’ Installment on AI!

A Focus on Technology – Artificial Intelligence Information The latest Exploring the IESBA Code installment focuses on technology and specifically Artificial Intelligence. The Exploring the IESBA Code series, is intended to promote awareness, adoption and implementation of the IESBA Code of Ethics. The twelve-installment publication series was launched in 2019. Each installment focuses on a specific …

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take survey on the e-International Standards (eIS)

Assurance, Maintain / By Eszter Rapanos

Jul 20, 2022 Are you aware of the E-International Standards? The International Federation of Accountants (IFAC) is seeking user feedback via a brief survey that will help shape phase two of its digital platform, e-international Standards (eIS). The anonymous survey allows users to rank which features they would like to see in future updates to the platform, …

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IAASB Proposes scope amendments to ISA 700 and ISA 260

Assurance / By Eszter Rapanos

6 July 2022 Scope amendments were proposed to: • ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements; and • ISA 260 (Revised), Communication with Those Charged with Governance. The amendments are aimed to operationalize revisions to the IESBA code of ethics requiring that firms publicly disclose when it has applied the independence …

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Estates: When is a company or a close corporation liquidated?

Tax / By Eszter Rapanos

21 July 2022 Information The liquidation or the “winding-up” of a company takes place: When a company is unable to pay its debts by application of the creditors; or a voluntary application by shareholders of a company or members of a close corporation (commonly referred to as a creditors’ voluntary liquidation); or In the case …

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Latest news on SARS service delivery disruptions

Maintain, Tax / By Eszter Rapanos

SARS is experiencing high call volumes and service delivery disruptions due to the ongoing strike action. SARS apologises for any inconvenience caused by the delays experienced in servicing taxpayers. SARS states that virtual appointments will be honoured, as booked. If a virtual booking is not honoured please note that the branch will follow up to …

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SARS Mobile Tax Units

Tax / By Eszter Rapanos

21 July 2022 To make tax filing easier the SARS Taxpayer Service team is establishing Mobile Tax Units and Pop-up Branches all over the country. In the next couple of weeks, you can visit them in the following provinces: Eastern Cape Limpopo Western Cape KwaZulu-Natal …

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Value-Added Tax Act, 1991: FAQs on Domestic Reverse Charges

Tax / By Eszter Rapanos

Jul 19, 2022 Information Domestic Reverse Charge means that the liability to account for and pay the VAT charged by the supplier on a transaction involving valuable metal will shift from the supplier to the recipient. How does it work? What was changed? View the the answers to Frequently Asked Questions (FAQs) on Domestic Reverse Charge …

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Onboarding of Cargo Reporters on Registration Licensing and Accreditation (RLA) system

Maintain, Tax / By Eszter Rapanos

Jul 18, 2022 Cargo reporters have historically registered for cargo reporting purposes using the manual (DA8) process. SARS launched a secure online Customs Trader Portal (CTP) to submit registration and licensing applications to Customs through eFiling. Initially, due to anticipated volumes, the use of this channel was restricted to new applications only. For more information …

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Onboarding of traders to Registration Licensing and Accreditation (RLA) system

Tax / By Eszter Rapanos

Jul 18, 2022 SARS’ Registration, Licensing and Accreditation (RLA) team have embarked on an on-boarding process to re-register and re-license existing clients into a new Registration, Licensing and Accreditation (RLA) System. To migrate your existing client types into the new updated RLA system, SARS requires your participation in the on-boarding process. For more information, you …

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SARS Latest scam alert

Tax / By Eszter Rapanos

13 July 2022 To raise public awareness SARS created a section on their website where they post up to date information on any email or SMS scams, they become aware of. Members of the public are randomly emailed with false “spoofed” emails made to look as if these emails were sent from SARS but are …

SARS Latest scam alert Read More »

A New ‘Exploring the IESBA Code’ Installment on AI!

take survey on the e-International Standards (eIS)

IAASB Proposes scope amendments to ISA 700 and ISA 260

Estates: When is a company or a close corporation liquidated?

Latest news on SARS service delivery disruptions

SARS Mobile Tax Units

Value-Added Tax Act, 1991: FAQs on Domestic Reverse Charges

Onboarding of Cargo Reporters on Registration Licensing and Accreditation (RLA) system

Onboarding of traders to Registration Licensing and Accreditation (RLA) system

SARS Latest scam alert

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