April 20, 2023

IESBA Issued proposed Revisions to the IESBA Code addressing Tax Services

CIBA has adopted the IESBA’s ethics Handbook of the International Code of Ethics for Professional Accountants. IESBA issued an Exposure Draft on proposed Revisions to the IESBA Code Addressing Tax Planning and Related Services for comments due by 18 May 2023. CIBA members can submit their comments directly to IESBA, or submit them to technical@saiba.org.za before …

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New Exception on VAT Registration requirements for Foreign Suppliers

Effective from 5 January 2023, Section 23(1A) of the VAT Act was amended to ease the administrative burden for a foreign supplier of electronic services and a foreign intermediary (an intermediary who is not a resident of the Republic), by introducing an exception when calculating the R1 million threshold. This exception applies where the said value of …

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