During September 2023, CIBA received many complaints from members whose clients have received suspension notices from SARS. The issue follows on from 26 August 2022 when SARS issued a Letter to Trade stating that all Customs and Excise registrants and licensees must update or confirm their current registration information by completing and submitting the electronic …
How to avoid or remedy suspension of customs registration Read More »
The Companies Amendment Bill of 2023 (the Bill) introduced in Parliament on 28 August 2023, proposing modifications to some operational aspects of companies in South Africa. The Bill focuses on two main areas: The Bill is in its early stages, it is expected to be passed into law in the near future. This leaves us …
The Companies Amendment Bill – will it make business easier? Read More »
The Financial Intelligence Centre (FIC) issued Public Compliance Communication 6A (PCC6A) on 21 August 2023, clarifying what services will trigger the requirement to register as an accountable institution. Schedule 1 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) was amended to increase the number of sectors registering as accountable institutions with the …
CIPC started notifying companies and close corporations referred for deregistration due to non-compliance with Annual Returns. To avoid deregistration enterprises should confirm their status and file all outstanding Annual Returns and the required Audited Financial Statement (AFS) or Financial Accountability Supplement (FAS) and Compliance Checklist. Outstanding Annual Returns and the required AFS or FAS, including …
CIPC commenced with De-registration notices to enterprises that do not comply Read More »
On 14 August 2023, SARS released a notice of changes to the booking system for branch walk-in appointments. You can now book a branch walk-in appointment via the eBooking system, whereas previously, this type of appointment could only be booked through the SARS Contact Centre. What does this mean? Only available timeslots will be displayed …
Branch walk-in appointments can be booked via the SARS eBooking system Read More »
SARS will be hosting a webinar on 24 August on Provisional Tax to help taxpayers and traders fulfil their tax obligations and remain tax compliant, covering the following topics: Webinar details:Theme: Provisional taxDate: Thursday, 24 August 2023Time: 17:00 – 19:00Platforms: (Virtual) Zoom and YouTube Register here in advance: https://sars-gov-za.zoom.us/webinar/register/WN_SYVyIkLRSV-COweBypcWFQ Watch the recorded webinar on the …
SARS Provisional Tax Webinar is hosted on 24 August Read More »
The following updated Interpretation Notes were issued by SARS on 6 August 2023:
SARS issued notice on 14 August 2023 with the following changes made to the booking of appointments with SARS. The changes include: Book your appointment with SARS here.Read the updated eBooking Guide: Book your appointment with SARS here.
On 1 August 2023, representatives from Recognised Controlling Bodies (RCBs) of SARS met the newly appointed Tax Ombud Ms Yanga Mputa for the first time after she joined the Office of the Tax Ombud (OTO) as South Africa’s first female Tax Ombud on 1 July 2023. She is also an Admitted Attorney of the High …
Recognised Controlling Bodies (RCB) Forum meets new Tax Ombud Ms. Yanga Mputa Read More »
Sustainability disclosures are a reality for all entities using IFRS to report in their financial statements. But how the information disclosed using S1 and S2 connect IFRS and the financial statements still poses a question. The short webcast where Linda Mezon-Hutter, Vice-Chair of the International Accounting Standards Board (IASB), and Sue Lloyd, Vice-Chair of the …
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