Monthly Compliance and Legislation Update - July 2026


CPD hours: 2 Hours

Price: R380.00

Video Type: Single

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

Compliance

Compliance
...

Monthly Compliance and Legislation Update - July 2026

CPD Hours: 2

Price: R380.00


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Title / Topic

Monthly Compliance and Legislation Update - July 2026


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 

  • Accounting issues (from IFRS monthly summary) 

    • IFRS Foundation proposes updates to IFRS Accounting Taxonomy 2025: Proposed Update 1 General Improvements. 

    • IASB issues amendments clarifying the fair value option in IAS 28 

  • Public Sector 

    • 2026/2027 Accounting Manuals for Departments (AMDs) issued for comment 

    • ASB: The Citizen's Guide: Understanding Government Financial Statements 

Auditing (IRBA, IAASB, etc): 

  • Standards/Pronouncements:  

    • Proposed Revised SAAPS 3 Illustrative Reports 2026 

    • IRBA: Adoption of the IAASB's 2025 Handbook 

    • IRBA Adopts Narrow-Scope Amendments to IAASB Standards Arising from the IESBA's Using the Work of an External Expert Project 

  • Legal/Ethics:  

    • Targeted Ethics Code Update on Firm Culture and Governance 

    • IESBA Snapshot: The Firm Culture and Governance Project 

  • Other:  

    • Exposure Draft: Proposed Guide (Revised 20XX) for Registered Auditors: Assurance Engagements on the AFS and Annual Statutory Returns of a Medical Scheme 

    • New ISSA 5000 Materiality FAQs 

    • CAQ: Audit Committee Insights - June 2026 

CIPC: 

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

    • Notice 30 of 2026: Mandatory use of the Case Management System 

    • Notice 28 of 2026: Non-Compliance with submission of the annual compliance checklist 

Anti-Money Laundering and FICA 

  • FIC Advisory & Guidance:  

    • PCC 60 re format and manner of completion and submission of the 2026 RCR 

    • Draft Guidance Note 7B: Implementation of various aspects of FICA 

  • Important issues: 

    • Outcomes of the June 2026 meeting of the FATF 

    • General Laws (AML and CTF) Amendment Bill 

Technology 

  • Important issues: 

    • IESBA Snapshot: Ethics and Independence Approach to the Use of Technology  

    • AI's environmental cost soars as data centres consume more power than countries 

    • Eskom Launches 'Eskom Green' Targeting 32GW of Renewable Energy by 2040 

Labour Law: 

  • Employment law: 

    • Provincial Chief Inspectors (PCIs) & Specialists 

    • Employment Services Amendment Bill (B16–2026) 

    • What employers must know about the new Employment Services Amendment Bill 

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

  • This month’s big 5: 

    • SAICA Legal Update 2026 Volume 21 Issue 10 covers new relevant National laws up to 29 May 2026: 

    • SAICA Legal Update 2026 Volume 21 Issue 11 covers new relevant National laws up to 12 Jun 2026: 

  • Other acts and articles: 

    • Electronic Communications Amendment Bill 2026 

SARS: 

  • Guides (new, updated & issued): 

    • Updated guide: Tax Directive functionality on eFiling 

    • New Guide to submit Global Minimum Tax (GMT) Returns on eFiling 

    • Updated Guide: SARS Payment Rules 

    • Updated: Guide on the Determination of Medical Tax Credits (Issue 18) 

    • Updated: Guide on Income Tax and the Individual (2025/26) 

    • VAT Reference Guide – Schools Exiting the VAT System 

    • Updated Guides for Filing Season 2026 

      • IT-AE-36-G05 – Comprehensive Guide to the ITR12 Income Tax Return for Individuals  

      • IT-GEN-06-G01 – Guide to the Individual ITR12 Return for Deceased and Insolvent Estates 

      • IT-AE-36-G06 – Guide to Submit Your Individual Income Tax Return via eFiling 

      • GEN-GEN-56-G01 – Submit Request for Reduced Assessment RRA01 via eFiling for Individuals 

      • GEN-PT-01-G01 – Guide for Provisional Tax 

      • IT-AE-45-G01 – Guide to SARS Mobile Tax Services 

      • IT-AE-49-G01 – Services offered via the SARS MobiApp 

      • IT-AE-46-G01 – How to submit your Individual Income Tax return via the SARS MobiApp 

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

    • Draft BGR – Filing date of a return in case of a company’s change in financial year and year of assessment 

  • Notices and other publications issued: 

    • How to submit the EMP501 when the employee’s Income Tax number is not available 

    • FAQs for the Declaration of Foreign Registered Vehicles Used By Travellers – effective from 1 June 2026 

    • Implementation of the China’s Zero-Tariff Preference Scheme 

    • Tables of Interest Rates – Table 3 

    • 2026 Filing Season 

    • Media release: Nearly 39 000 Foreign Registered Vehicles already registered as SARS launches the process from 1 June 2026 

    • Global Minimum Tax Updates 

    • Customs – Traveller Processing 

    • Notice in terms of paragraph (c) of the definition of “living annuity” in section 1(1) 

    • Draft Regulations and Draft Explanatory Memorandum: Domestic Reverse Charge Relating to Valuable Metal issued in terms of section 74(2) of the Value-Added Tax Act 

    • 2026 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 

    • Average Exchange Rates 

    • Draft Notice under sections 18A (2B) and (2C) 

    • Changes for Filing Season 2026 

  • High court cases: 

    • CSARS v Shabangu and Another (121282/2023) and CSARS v Shabangu NO and Others (121275/2023) [2026] ZAGPPHC (27 May 2026) 

    • Poseidon Operations (Pty) Ltd v CSARS and Others (23278/2022) [2026] ZAGPPHC 453 (29 April 2026) 

    • CSARS and Another v Alliance Fuel (Pty) Ltd (Leave to Appeal) (7453/2024) [2026] ZALMPPHC 43 (30 March 2026) 

    • WCF Hardware Distributors (Pty) Ltd v CSARS (2024/051127) [2026] ZAGPPHC 104 (10 February 2026) 

    • Afrinergy Holdings (Pty) Ltd v CCARS and Others (Review) (18187/2022) [2026] ZAGPPHC 105 (2 February 2026) 

    • Contract Packing Solutions CC v SARS and Others (2025/016340) [2026] ZAGPPHC 17 (16 January 2026) 

    • Williams NO and Another v eThekwini Municipality and Others (13624/2022P) [2026] ZAKZPHC (27 May 2026) 

  • Constitutional cases: 

    • Lueven Metals (Pty) Ltd v CSARS (CCT 320/23) [2026] ZACC 24 (23 June 2026) 

Regulator news: 

  • SAICA press releases and other publications: 

    • Submission on the ISA 540 (Revised) Post-Implementation Survey 

  • CIBA press releases and other publications: 

    • Newsletters: 

      • 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) + Blogs https://accountingweekly.com/   

  • Companies Tribunal:  

    • 13 Cases finalised in Jun 2026  

    • Extended Jurisdiction of the Companies Tribunal 

  • Information Regulator:  

    • Enforcement Notices for contraventions of POPIA and PAIA by Public and Private Bodies 

  • FASSET:  

    • Discretionary Grant 

  • DoEL:  

    • 26th Commission for Employment Equity (CEE) Annual Report 2025/26 

  • CAQ:  

    • Audit Insider - May 2026  

  • SARB:  

    • SARB 2025/26 Annual Reports 

  • OTO:  

    • Newsletter - Fair Play Edition 41 

  • CGSO:  

    • Q1 Newsletter: March to May 2026 

  • FSCA publications & press releases:  

    • 2026/27 Financial Education Plan (FEP) 

    • FSCA imposes administrative sanctions totalling R5.39 million on several Financial Services Providers 

    • FSCA provisionally withdraws the FSP licence of Mixirite (Pty) Ltd 

    • FSCA is investigating FXNovus (Pty) Ltd, Mr Paul Anthony Baise, Mr Ori Mishkal and Mr Clint Martin Reinertsen 

    • 14 Warnings issued against fraudulent FSPs 

  • SARS:  

    • Latest Monthly Tax Digest – June edition 

    • Latest Tax Practitioner Newsletter – June 2026 

    • Latest Government Connect Newsletter – June 2026 

General Announcements / News Releases: 

  • Media articles:  

    • High Court warning to homeowners in estates who use WhatsApp groups 

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