Monthly Compliance and Legislation Update - April


CPD hours: 2 Hours

Price: R380.00

Video Type: Single

Presenter: Lettie Janse van Vuuren CA(SA)
CA (SA), Registered Auditor
...

Monthly Compliance and Legislation Update - April

CPD Hours: 2

Price: R380.00


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Monthly Compliance and Legislation Update - April


Overview   

Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.  

Technical expert Lettie Janse van Vuuren CA(SA),  researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.  

The webinar includes:  

  • A reference guide of all changes to share within the firm;  

  • PPT summary of all new amendments; 

  • Interactive session with the presenter; and 

  • Online Q&A. 


Learning objectives  

After attending this webinar you will: 

  • Be aware of the latest legislative changes and what it means for your business, practice, and your clients; 

  • Be able to inform your staff and clients on how to stay compliant; 

  • Adapt business models to fit new legislative landscapes; 

  • Receive references to documents and guides;  

  • Have access to your own technical resource; and  

  • Have access to the presenter via email for follow-up Q & A. 


Course content  

The following legislative, regulatory, industry standards, items and guides have been issued and/or updated during the preceding month and will be covered in the webinar: 

 

Accounting (IFRS, etc) 

  • Standards – What’s new? 

    • IFRS Monthly news summary 

      • March 2025 IFRS for SMEs Accounting Standard Update now available 

  • Standards - Sustainability 

    • Amendments to Greenhouse Gas Emissions Disclosure (Amendments to IFRS S2) 

  • Public Sector 

    • Departments Annual Reporting Guideline + specimen Annual Report   

    • Public Entities Annual Reporting Guideline + specimen Annual Report   

    • MCS for the 2025/2026 Financial Year 

Auditing (IRBA, IAASB, etc): 

  • Standards:  

    • Proposed SAAPS3: Illustrative Reports 

  • Legal/Ethics:  

    • Auditor Independence for Audits of Collective Investment Vehicles and Pension Funds 

  • Other: Audit committees  

    • How the Banks Act Regulates Audit Committees in SA PART 2 

    • How King IV Regulates Audit Committees: Principles and Practices PART 3 

    • How the PFMA regulates Audit Committees in SA PART 4 

    • How Local Government Audit Committees Are Regulated in SA PART 5 

CIPC: 

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

    • Notice 13 of 2025: Company and CC re-instatements 

Anti-Money Laundering and FICA 

  • FIC Advisory & Guidance:  

    • Draft Directive 3A and draft PCC 50A: Website notice – Call for comments 

    • Final updated Directive 3A and PCC 50A: International Funds Transfer Reports (IFTR) 

    • Urgent reminder: RMCP submissions 

    • GoAML Login Information 

    • UPDATED Draft PCC118A: Interpretation of Money or Value Transfer Services Providers 

Sustainability & Integrated Reporting 

  • Important issues: 

    • IFAC: New Guide: "Why nature matters to accountants" 

    • SARB Consultation paper: Climate change policy and regulatory framework in the NPS 

    • SAICA: Sustainability Reporting Materiality FAQ Guide 2024 

Technology 

  • Important issues: 

    • Technology & AI - in the workplace and beyond 

    • Excel Tips: Microsoft Forms 

    • Joint Standard 2 of 2024 - Cybersecurity and Cyber Resilience 

    • SARB Consultation paper: Cloud computing and offshoring of data in the NPS 

Labour Law: 

  • Employment law: 

    • BCEA: Earnings Threshold increased 

    • UIF TERS Audit process issues 

  • COIDA: 

    • Confirmation of Employer Registration Details form 

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

  • This month’s big 5: 

    • SAICA Legal Update 2025 Volume 20 Issue 5 

  • Other acts and articles: 

    • Sectional Titles Amendment Regulations 2025 

    • OHS: New Regulations gazetted 

    • Submission of PAIA annual reports to Information Regulator for 2024/2025 

    • NB info re PAIA Reports submission  

SARS: 

  • Guides (new, updated & issued): 

    • Tax Exemption Guide for Public Benefit Organisations in South Africa (Issue 7) 

    • Capital Gains Tax Guides 

      • ABC of Capital Gains Tax for Individuals (Issue 13) 

      • ABC of Capital Gains Tax for Companies (Issue 11) 

    • Tax Practitioner guide on use of the SARS MobiApp 

    • Tax Exemption Guide for Institutions, Boards, or Bodies (Issue 2) 

    • Customs and Excise Act Guides 

      • Rebate Stores 

      • Customs and Excise Storage Warehouses (OS) 

      • Special Customs and Excise Storage Warehouses (SOS) 

    • PAYE Employer Reconciliation BRS for the 2026 tax year 

    • Quick Reference Guide on Anti-Dumping, Countervailing, and Safeguard Duties 

  • Interpretation Notes (updated & issued): 

    • IN 59 (Issue 3) – Tax treatment of the receipt or accrual of government grants 

    • IN 45 (Issue 4) – Deduction of security expenditure 

    • Draft IN – Taxation of amounts received by or accrued to missionaries 

    • IN 137 – Recoupment of amounts deducted or set off when an asset commences to be held as trading stock 

    • IN 138 – Determining the calorific value of coal for purposes of the royalty 

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

    • 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 

    • BPR 414 – Application of the proviso to section 8EA(3) 

    • BCR 092 – Application of the proviso to section 8EA(3) 

  • Notices and other publications issued: 

    • SARS and CIPC Explaining the SMME Business Deregistration Process 

    • Donations Tax declaration form (IT144) 

    • Average Exchange Rates 

    • Revenue Laws Amendment Bill [B5—2025] 

    • Media release: SARS accepts the Revenue Estimate Set for the 2024/25 Fiscal Year 

    • 2026 Employees’ Tax deduction tables: Guides & Annexures 

    • Taxation Proposals 

    • 2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 

    • FAQ: Increase in the VAT Rate from 1 May 2025 

    • VAT Pocket guide on VAT increase on 1 May 2025 

    • 2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 

    • Appointment of a Corporate Entity as a trustee of a Trust and/or executor in a Deceased Estate 

    • Invoice details on customs declarations 

    • National Legislation: The following regulations have been promulgated: 

    • Employer Annual Declarations (EMP501): 1 April to 31 May 2025 

    • Employment Tax Incentive (ETI) changes with effect from 1 April 2025 

  • Taxpayers must be on the lookout for New Scams: 

    • SARS Customs scam alert 

    • SARS letter of demand and summons 

  • 1 Tax court case: 

    • SARSTC IT 45931 VAT 22285 {ADM) [2025] ZATC 2 (6 February 2025) 

  • 8 High court cases: 

    • Cell C (Pty) Ltd v CSARS (30959/2019) [2025] ZAGPPHC 265 (17 March 2025) 

    • Biskit (Pty) Ltd v CSARS (6156/2023) [2025] ZAFSHC 71 (13 March 2025) 

    • CSARS v ASPASA NPC and Others (Leave to Appeal) (2023/099811) [2025] ZAGPPHC 223 (5 March 2025) 

    • Woods Warehousing (Pty) Ltd v CSARS and Others (2022/026798) [2025] ZAGPPHC 162 (14 February 2025) 

    • Naude v CSARS and Another (51712/2017) [2025] ZAGPPHC 152 (13 February 2025) 

    • Greyvensteyn and Other v CSARS and Others (B2495/2023) [2025] ZAGPPHC 128 (12 February 2025) 

    • FTTX and Energy Warehouse (Pty) Ltd v CSARS (2022/5522) [2025] ZAGPPHC 140 (31 January 2025) 

    • Sandbaken Boerdery (Pty) Ltd v CSARS and Another (053180/2022) [2025] ZAGPPHC 54 (21 January 2025) 

  • 1 SCA case: 

    • Aveng Mining Shafts and Underground v CSARS (1192/2023) [2025] ZASCA 20 (17 March 2025) 

    • 2 Constitutional cases: 

    • CSARS and Another v Richards Bay Coal Terminal (Pty) Ltd (CCT 10423) [2025] ZACC 3 (31 March 2025) 

    • 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) 

Regulator news: 

  • IRBA News & press releases: 

    • IRBA 2024 Public Inspections Report 

      • Lettie to present PIR webinar on 14 May 2025 – BOOK NOW! 

      • Webinar on Professional Skepticism to be presented by LJ on 27 May 2025 

  • SAICA press releases and other publications: 

    • 2025 Budget summary - Member analysis 

    • Comment Letter – IRBA Guide to Monetary Fines 

    • Driving Governance – Audit Committee Survey Results 

  • CIBA press releases and other publications: 

    • Newsletters 

  • CIPC:  

    • Launch of the study on the illicit trade in counterfeit goods 

    • CIPC Celebrates Young Innovators at the Inaugural IP Youth Awards 

  • Companies Tribunal:  

    • 10 Cases finalised in Mar 2025  

  • Information Regulator:  

    • Publication of the Sex offenders register 

  • FSCA publications & press releases:  

    • Press Release: The biggest South African Public-Private initiative to combat financial crime 

    • FSCA releases Sustainable Finance Survey Report for the Investments Sector 

    • FSCA publishes complaints management review report on the banking sector 

    • FSCA takes regulatory action against Hernell Funerals (Pty) Ltd, Mr Shaun Andre Peterson and Mrs Carol-Ann Peterson 

    • FSCA publishes the Complaints Management Industry Review Report 

    • FSCA eNewsletter - 31 March 2025​ 

    • 5 Warnings issued against fraudulent FSPs 

  • CGSO:  

    • Final Newsletter Q4 2024-25 

  • OTO:  

    • Newsletter - Fair Play Issue 36 

  • Master’s Office:  

    • Chief Master Directive 2 of 2025 Trusts: Implementing QR Code on Master's Appointment letters and Online Registration of Trusts 

    • Update: Issues with online Trust submissions 

  • IVSC:  

    • eNews March 2025 

  • National Treasury:  

    • National Treasury’s latest report (Q3 2024/25) 

  • SARS:  

    • Latest Monthly Tax Digest – March 2025 edition 

    • Latest Tax Practitioner Newsletter – Issue 61 (March 2025)   

General Announcements / News Releases: 

  • Media articles:  

    • Spaza shop registration drive ‘opens the door to bribes’ 

    • Where Were the Accountants? PwC Fined – But the Audit Failures Start with Poor Financial Reporting 

    • Is the VAT increase going ahead on 1 May 2025? 

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