• Interpretation Notes (updated & issued):
  • 106 – Deduction in respect of certain residential units
  • 107 – ​ Deduction in respect of commercial buildings
  • 15 (Issue 5) – ​​TAA: Exercise of discretion in case of late objection or appeal
  • Draft Interpretation Note and Draft BGR – No-value provision in respect of the rendering of transport services by an employer
• Binding Rulings (Private/Class/General) issued and updated:
  • BPR 314: ​ Venture capital company – investment in hotel development
• Other publications issued:
  • Tables A and B of the average exchange rates have been updated
  • Notice 1372 – Incidences of non-compliance by a person in terms of section 210(2) of the Tax Administration Act, 2011, that are subject to a fixed amount penalty in accordance with sections 210(1) and 211 of the Act
• SCA case, covering:
  • Big G Restaurants (Pty) Ltd - Whether income of taxpayer in years of assessment received or accrued in terms of franchise agreement

• Standards – What’s in the pipeline?
  • IASB publishes proposed amendments to IAS 37 regarding onerous contracts

• Ethics – IRBA Code of Conduct:
  • Revised November 2018 – overview of amendments
  • Proposed amendments to Section 321 – Second Opinions
• Guidance issued:
  • Revised Illustrative Banks Act Regulatory Auditor's Reports
  • Proposed revised guide: Medical schemes
  • Proposed revised guide: FSPs – Assurance engagements on FSPs’ separate accounts and FAIS reporting requirements
  • Proposed Guide: Assurance Engagements on the Fresh Produce Agents' Trust Accounts

• Notices and Practice Notes issued (enforcement and to customers):
  • Multiple attachments on the enquiry system on CIPC Portal
• Companies Tribunal:
  • 9 Decisions reached on cases heard (Exemptions, Directors’ disputes, AGM and Name disputes).

• Court cases:
  • Can misconduct outside the office cost you your job?
  • Here’s what South Africans need to include on their sick note for work

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

• Competition Act update:
  • 10 Things you need to know about Amendments to the Competition Act
• The National Minimum Wage Act of 2018:
  • o  Increased minimum wage for domestic workers
  • o  Some interesting articles regarding NMW & potential discrepancies found.

• IRBA News & press releases:
  • IRBA News
• SAICA Guidance:
  • Top tips for SMPs (Small and Medium Practices).
  • Training Office Newsletter
  • 4th Quarter SMP Newsletter
  • Ethics: SAICA Code of Professional Conduct (Revised November 2018) – overview of changes
• FIC Advisory:
  • Consultation on Draft PCC 101 of licencing, registration, approval or authorisation conditions issued by Supervisory Bodies to Accountable Institutions
  • Consultation on Draft PCC31A on the receipt and acceptance of funds by Accountable Institutions prior to completion of Customer Due Diligence measures
• EAAB:
  • Implementation of the Financial Intelligence Centre Act, 38 of 2001 (the FIC Act), by the estate agency sector
• National Consumer Commission:
  • NCC report on timeshare industry
  • NCC Newsletter
• Tax Ombud:
  • Newsletter – Special edition
• FSCA publications & press releases:
  • Report by the FSCA on status of various investigations
  • Press release issued re Stanlib
  • 4 Warnings issued to the public against fraudulent FSPs.

• General:
  • How to improve your credit profile