Webinars On-Demand

Accounting (IFRS, etc) 

• Standards – What’s new? 

  • IFRS Monthly news summary 

• Public Sector 

  • Understanding the Public Sector 

  • Updated FAQs on MCS for 2023/2024 published (April 2024) 

  • Implementation Guideline on GRAP 25 - Employee Benefits published (Mar 2024) 

  • Proposed amendments to Directive 5 Reporting Framework (1 April 2024) 

Auditing (IRBA, IAASB, etc): 

• Standards:  

  • IAASB: ISA for LCE: Video Series and Webinar 

  • IAASB: Strategy and Work Plan for 2024-2027: Elevating Trust in Audit and Assurance 

• Legal/Ethics:  

  • IESBA: Global Ethics Standards on Tax Planning 

  • IESBA: Tax planning standards: Infographic 

• Other:  

  • New IAASB Video Series Explores Proposed Changes to Fraud Standard 

CIPC: 

• Notices and Practice Notes issued (enforcement and to customers): 

  • Notice 29?? of 2024: Update: Alternative processes (list of email addresses to use) when CIPC enquiries system not available 

  • Notice 30?? of 2024: Customer Code Update Process 

  • Notice 31 of 2024: Verification of customers when appointing directors 

  • Notice 32?? of 2024: Customer verification update 

  • Notice 33 of 2024: Preparation and approval of AFS  

  • Notice 34 of 2024: Delay in processing and responding to CC and Company re-instatement applications and deregistration enquiries 

  • Notice 35 of 2024: Requirements on filing of CM 100 applications on insolvent voluntary liquidations form CM26LIQ statement of affairs 

  • Notice 36 of 2024: Delay in processing company and close corporation reinstatement applications (form COR 40.5) and responding to company and close corporation re-instatement enquiries  

Anti-Money Laundering and FICA 

• FIC Advisory & Guidance:  

  • Draft Directive 9 on the travel rule relating to crypto asset transfers 

Sustainability & Integrated Reporting 

• Important issues: 

  • Overview of the IESBA's proposed ethics standards for sustainability 

  • IFAC: Key Areas Accountants Need to Update their Knowledge & Skills to Prepare for Increasing Sustainability Demands  

Technology 

• Important issues: 

  • Digital financial reporting 

  • What is digital financial reporting and how can it help investors extract and analyse information? 

Labour Law: 

• Employment law: 

  • Employment of undocumented foreign nationals is an offense that is punishable by law 

  • Cannabis in the workplace – back in the spotlight 

Other Laws & Regulations affecting your client AND impact on NOCLAR: 

• This month’s big 5: 

  • SAICA Legal Update 2024 Volume 19 Issue 7 covers new relevant National laws up to 19 Apr 2024: 

    1. The Financial Intelligence Centre Act: Draft regulations;   

    2. The Immigration Act: Withdrawn regulations;  

    3. The Pension Funds Act: Amendment Bill;  

    4. The Special Investigating Units and Special Tribunal Act: Department of Water and Sanitation; and  

    5. The Tax Administration Act: Reduced or additional assessment. 

  • SAICA Legal Update 2024 Volume 19 Issue 8 covers new relevant National laws up to 3 May 2024: 

    1. The Construction Industry Development Board Act: Draft Amendment Bill;  

    2. The Electronic Deeds Registration Systems Act: Draft Amendment Bill;  

    3. The Films and Publications Act: Withdrawal of prohibited content regulations;  

    4. The Financial Intelligence Centre Act: Draft directive on travel rule relating to crypto asset transfers; and  

    5. The Housing Consumer Protection Bill. 

• Other acts and articles: 

  • SASSA grants increase - April 2024 

  • New Regulations - SRD Grant 

• COIDA Update: 

  • Compensation Fund: Reminder: Letters of Good Standing  

SARS: 

• Guides (new, updated & issued): 

  • Guide to submit a dispute via eFiling 

  • GEN-ELEC-15-G01 – Guide to the Entity Merge Functionality on eFiling – External Guide 

• Interpretation Notes (updated & issued): 

  • Interpretation Note 131 – Exemption of income relating to South African ships used in international shipping 

  • Interpretation Note 105 (Issue 2) – Deductions in respect of buildings used by hotel keepers 

• Binding Rulings (Private/Class/General) issued:  

  • BGR 69 (Issue xx) – Binding General Ruling 69 – Documents and Records to be Retained and Maintained by Agent under Section 54(2C) and (3) 

• Notices and other publications issued: 

  • eFiling profile hacking + Tips to keep your clients’ information safe 

  • Reminder: Employer Annual Reconciliation period 

  • Tax Tips: EMP 501 reconciliation 

• Taxpayers must be on the lookout for New Scams: 

  • Letter of Demand email 

  • Stop order on bank account 

  • Letter of demand for urgent attention 

  • SARS issued letter of demand 

• Tax court cases: 

The following tax court decisions were published: 

• SARSTC IT 45979 (IT) [2024] ZATC JHB (20 March 2024) – Deduction 

• SARSTC IT 45997 (IT) [2024] ZATC (27 February 2024) – Condonation for late delivery of discovery in terms of rule 36(6) 

• SARSTC VAT 22498 (VAT) [2024] ZATC CPT (16 January 2024) – Jurisdiction of Tax Court to hear tax appeal 

• SARSTC VAT 22425 (VAT) [2024] ZATC JHB (16 January 2024) – Discovery of documentation and further particulars 

• SARSTC IT 24852 (IT) [2024] ZATC JHB (4 January 2024) – Jurisdiction 

Summaries are available on the Tax Court Judgments page 

• High court cases: 

The following High Court judgments were published on the SARS website: 

• Poulter v CSARS (A88/2023) [2024] ZAWCHC 97 (2 April 2024) 

• Richards Bay Mining (Pty) Ltd v CSARS (2023/045310) [2024] ZAGPPHC 275 (26 March 2024) 

• Ramudzuli v CSARS and Others (A261/22) [2024] ZAGPPHC 280 (26 March 2024) 

• Bullion Star (Pty) Ltd v CSARS (18176/2022) [2024] ZAGPPHC 184 (2 February 2024) 

• Summaries of the aforementioned judgments are available on the High Court Judgements page 

• SCA cases: 

  • Lueven Metals (Pty) Ltd v CSARS (728/2022) [2023] ZASCA 144 (8 November 2023) 

  • Cyril and Another v CSARS (186/2023) [2024] ZASCA 32 (28 March 2024) 

• Constitutional Court cases: 

  • Capitec Bank Limited v CSARS (CCT 209/22) [2024] ZACC 1 (12 April 2024) 

  • SARS media statement on constitutional court judgement 

Regulator news: 

• IRBA News & press releases: 

  • IRBA News Issue 65  

  • Fees Payable to the IRBA with Effect from 1 April 2024 

• SAICA press releases and other publications: 

  • SAICA IT3(d) FAQ - 3rd party data submissions by tax exempt entities 

  • FAQs on the ISA for LCE 

• CIBA press releases and other publications: 

  • CFO Talks (CFO Talks™ is devoted to sharing ideas and conversations between CFOs. It is a platform which facilitates insightful and powerful talks relevant to CFOs) 

    • https://cfotalks.com/  

  • Accounting Weekly (weekly newsletter) 

    • https://accountingweekly.com/  

  • Various guides are available exclusively to members 

    • Refer to CIBA website 

• Companies Tribunal:  

  • 15 Cases finalised in Apr 2024  

• Information Regulator:  

  • Submission of annual PAIA reports 

• LPC:  

  • Advisory notice - Audit of LP business accounts 

• FSCA publications & press releases:  

  • Updated Requirements for rule amendments to be submitted by retirement funds re 2-Pot System 

  • South African Reserve Bank launches the Corporation for Deposit Insurance (CODI), further bolstering trust in the domestic financial system 

  • FSCA confirms list of currently approved crypto asset service providers (CASPs) 

  • FSCA is investigating Banxso (Pty) Ltd 

  • FSCA imposes an administrative penalty of R500 000 on Mr Shoayb Joosub 

  • FSCA eNewsletter 

  • 5 Warnings issued against fraudulent FSPs: FSCA warns the public about/against: 

    • Individuals operating under the name “Coin Max” and purporting to be associated with Bybit FTZE 

    • Afriforum Future Trading 

    • Indiberries & Co for unrealistic returns of up to 45% 

    • Fair Tree Crowd Capital 

    • Individual impersonating FP Markets (Pty) Ltd 

• CGSO:  

  • Newsletter 

• OTO:  

  • Newsletter - Fair Play Issue 32 

• IESBA:  

  • 4-year Strategic Roadmap Putting Ethics at the Heart of Corporate Decision-Making 

• SARS:  

  • Tax Exempt Institutions Connect Issue 4 (April 2024) 

  • Latest Tax Practitioner Newsletter – Issue 51  

General Announcements / News Releases: 

• Media articles:  

  • New Two-Pot Retirement System: What you need to know    

  • How climate change has become an OHS issue