CIPC Notice 9 of 2023: Submission of Annual Financial Statements by Co-operatives

31 January 2023

This notice is the follow up to Notice 21 of 2022 regarding the filing of Annual Financial Statements.

Due to system challenges the filing of Annual Returns are suspended, however CIPC continues to receive the Annual Financial Statements via XBRL.

As from the 1 February 2023 the Category C Co-operatives (turnover more than R25 million) will be required as per the Co-operatives Act, to file Audited Financial Statements using the XBRL function and no longer via email.

CIPC will communicate when and how to file Annual Returns. The step-by-step guide on filing the ASF will be made available on our website to assist with the process. A list of recommended software service providers who provide software and/or outsourced services to convert AFS from other formats (e.g., PDF) into XBRL format is available on the website.

You can read the Notice here.