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Accounting (IFRS, etc)
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Auditing (IRBA, IAASB, etc):
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Standards:
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Legal/Ethics:
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Other: Audit committees
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How the Banks Act Regulates Audit Committees in SA PART 2
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How King IV Regulates Audit Committees: Principles and Practices PART 3
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How the PFMA regulates Audit Committees in SA PART 4
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How Local Government Audit Committees Are Regulated in SA PART 5
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CIPC:
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Anti-Money Laundering and FICA
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FIC Advisory & Guidance:
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Draft Directive 3A and draft PCC 50A: Website notice – Call for comments
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Final updated Directive 3A and PCC 50A: International Funds Transfer Reports (IFTR)
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Urgent reminder: RMCP submissions
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GoAML Login Information
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UPDATED Draft PCC118A: Interpretation of Money or Value Transfer Services Providers
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Sustainability & Integrated Reporting
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Important issues:
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IFAC: New Guide: "Why nature matters to accountants"
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SARB Consultation paper: Climate change policy and regulatory framework in the NPS
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SAICA: Sustainability Reporting Materiality FAQ Guide 2024
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Technology
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Important issues:
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Technology & AI - in the workplace and beyond
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Excel Tips: Microsoft Forms
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Joint Standard 2 of 2024 - Cybersecurity and Cyber Resilience
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SARB Consultation paper: Cloud computing and offshoring of data in the NPS
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Labour Law:
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Other Laws & Regulations affecting your client AND impact on NOCLAR:
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This month’s big 5:
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Other acts and articles:
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Sectional Titles Amendment Regulations 2025
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OHS: New Regulations gazetted
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Submission of PAIA annual reports to Information Regulator for 2024/2025
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NB info re PAIA Reports submission
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SARS:
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Guides (new, updated & issued):
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Tax Exemption Guide for Public Benefit Organisations in South Africa (Issue 7)
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Capital Gains Tax Guides
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Tax Practitioner guide on use of the SARS MobiApp
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Tax Exemption Guide for Institutions, Boards, or Bodies (Issue 2)
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Customs and Excise Act Guides
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PAYE Employer Reconciliation BRS for the 2026 tax year
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Quick Reference Guide on Anti-Dumping, Countervailing, and Safeguard Duties
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Interpretation Notes (updated & issued):
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IN 59 (Issue 3) – Tax treatment of the receipt or accrual of government grants
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IN 45 (Issue 4) – Deduction of security expenditure
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Draft IN – Taxation of amounts received by or accrued to missionaries
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IN 137 – Recoupment of amounts deducted or set off when an asset commences to be held as trading stock
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IN 138 – Determining the calorific value of coal for purposes of the royalty
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Binding Rulings (Private/Class/General) issued:
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VR 009 – Application of the zero rate to the services supplied directly in respect of investments located outside the Republic of South Africa and not listed on a South African Stock Exchange
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BPR 414 – Application of the proviso to section 8EA(3)
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BCR 092 – Application of the proviso to section 8EA(3)
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Notices and other publications issued:
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SARS and CIPC Explaining the SMME Business Deregistration Process
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Donations Tax declaration form (IT144)
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Average Exchange Rates
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Revenue Laws Amendment Bill [B5—2025]
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Media release: SARS accepts the Revenue Estimate Set for the 2024/25 Fiscal Year
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2026 Employees’ Tax deduction tables: Guides & Annexures
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Taxation Proposals
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2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill
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FAQ: Increase in the VAT Rate from 1 May 2025
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VAT Pocket guide on VAT increase on 1 May 2025
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2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill
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Appointment of a Corporate Entity as a trustee of a Trust and/or executor in a Deceased Estate
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Invoice details on customs declarations
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National Legislation: The following regulations have been promulgated:
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Employer Annual Declarations (EMP501): 1 April to 31 May 2025
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Employment Tax Incentive (ETI) changes with effect from 1 April 2025
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Taxpayers must be on the lookout for New Scams:
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1 Tax court case:
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8 High court cases:
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Cell C (Pty) Ltd v CSARS (30959/2019) [2025] ZAGPPHC 265 (17 March 2025)
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Biskit (Pty) Ltd v CSARS (6156/2023) [2025] ZAFSHC 71 (13 March 2025)
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CSARS v ASPASA NPC and Others (Leave to Appeal) (2023/099811) [2025] ZAGPPHC 223 (5 March 2025)
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Woods Warehousing (Pty) Ltd v CSARS and Others (2022/026798) [2025] ZAGPPHC 162 (14 February 2025)
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Naude v CSARS and Another (51712/2017) [2025] ZAGPPHC 152 (13 February 2025)
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Greyvensteyn and Other v CSARS and Others (B2495/2023) [2025] ZAGPPHC 128 (12 February 2025)
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FTTX and Energy Warehouse (Pty) Ltd v CSARS (2022/5522) [2025] ZAGPPHC 140 (31 January 2025)
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Sandbaken Boerdery (Pty) Ltd v CSARS and Another (053180/2022) [2025] ZAGPPHC 54 (21 January 2025)
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1 SCA case:
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Aveng Mining Shafts and Underground v CSARS (1192/2023) [2025] ZASCA 20 (17 March 2025)
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2 Constitutional cases:
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CSARS and Another v Richards Bay Coal Terminal (Pty) Ltd (CCT 10423) [2025] ZACC 3 (31 March 2025)
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United Manganese of Kalahari (Pty) Limited v CSARS and four other cases (CCT 9423; CCT 9823; CCT 6623; CCT 7224; CCT 32023) [2025] ZACC 2 (31 March 2025)
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Regulator news:
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IRBA News & press releases:
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SAICA press releases and other publications:
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2025 Budget summary - Member analysis
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Comment Letter – IRBA Guide to Monetary Fines
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Driving Governance – Audit Committee Survey Results
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CIBA press releases and other publications:
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CIPC:
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Companies Tribunal:
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Information Regulator:
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FSCA publications & press releases:
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Press Release: The biggest South African Public-Private initiative to combat financial crime
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FSCA releases Sustainable Finance Survey Report for the Investments Sector
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FSCA publishes complaints management review report on the banking sector
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FSCA takes regulatory action against Hernell Funerals (Pty) Ltd, Mr Shaun Andre Peterson and Mrs Carol-Ann Peterson
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FSCA publishes the Complaints Management Industry Review Report
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FSCA eNewsletter - 31 March 2025
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5 Warnings issued against fraudulent FSPs
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CGSO:
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OTO:
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Master’s Office:
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IVSC:
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National Treasury:
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SARS:
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General Announcements / News Releases:
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Media articles:
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Spaza shop registration drive ‘opens the door to bribes’
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Where Were the Accountants? PwC Fined – But the Audit Failures Start with Poor Financial Reporting
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Is the VAT increase going ahead on 1 May 2025?
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