Monthly Compliance and Legislation Update - May 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 - May 2026

CPD Hours: 2

Price: R380.00


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Title / Topic

Monthly Compliance and Legislation Update - May 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 

    • SAICA: Financial Reporting Regulation in South Africa 

  • Public Sector 

    • NT: Draft Public Procurement Tribunal Regulations 

    • NT: Draft General Public Procurement Regulations 

    • IPSASB: ED 95: Improvements to IPSAS Accounting Standards – Volume 10 

    • IPSASB: ED 96: Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40) 

    • IPSASB: ED 97: Proposed IPSAS Practice Statement - Making Materiality Judgments 

    • IPSASB: Consultation Paper on Presentation of Financial Statements 

Auditing (IRBA, IAASB, etc): 

  • Legal/Ethics:  

    • IESBA: Post-implementation Reviews of NOCLAR Standard and the Restructured Code 

  • Other:  

    • The Role of the Internal Auditor: Assessing and Responding to Fraud Risk 

    • Audit Insider - January to March 2026 

    • Audit Committee Insights - April 2026 

    • IFIAR: 2026 Report on the use of technology in audits 

CIPC: 

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

    • Notice 20 of 2026: Introduction of Live Chat support 

    • Notice 21 of 2026: Temporary delays in responding to disclosure and finance enquiries 

    • Notice 22 of 2026: Automation of Co-operative Director Amendments 

    • Notice 25 of 2026: Providing accurate up-to-date information of directors 

Anti-Money Laundering and FICA 

  • FIC Advisory & Guidance:  

    • TFS List updated 

    • PRECCA Amendment Bill 2026 

  • Important issues: 

    • General Laws Amendment Bill, 2026 

Technology 

  • Important issues: 

    • FRC: Innovative new guidance supports audit firm adoption of emerging AI technologies 

    • SAICA: AI, Machine Learning: What you should know before Switching On 

    • Prudential Authority: Preparing for Frontier AI and AI-Accelerated Cyber Risk 

Labour Law: 

  • Employment law: 

    • Increase in BCEA Annual Earnings Threshold from 1 May 2026 

    • NMW Exemption Report 2025/2026 

  •  COIDA Update: 

    • COIDA: New Max & Min amounts of earnings 

    • Letters of Good Standing expired on 30 April 2026 

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

  • This month’s big 5: 

    • SAICA Legal Update 2026 Volume 21 Issue 7 covers new relevant National laws up to 17 Apr 2026 

    • SAICA Legal Update 2026 Volume 21 Issue 8 covers new relevant National laws up to 1 May 2026 

  • Other acts and articles: 

    • Draft South Africa National Artificial Intelligence (AI) Policy 

    • POPIA: Draft code of conduct relating to gated access 

SARS: 

  • Guides (new, updated & issued): 

    • Updated Guide to submit a dispute via eFiling 

    • 5 Updated Guides re Tax Directives Legislative changes + system improvements 

    • 2 Guides updated re Tax Practitioner registration and verification process improved 

    • Updated Third Party Appointment AA88 e@syFile™TC Employer 

  • Interpretation Notes (updated & issued): 

    • Draft IN – Deduction in respect of production of battery electric and hydrogen-powered vehicles 

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

    • VAT Ruling 020 – Consideration 

    • VAT Ruling 021 – VAT treatment of donor funds 

  • Notices and other publications issued: 

    • Increase in diesel refund claims from 80% to 100% - not yet online 

    • Penalties are being implemented for the non-submission of Income Tax Returns by Trusts 

    • 3 Amendment Acts promulgated on 1 Apr 2026 

    • Implementation Date of Administrative Non-Compliance Penalties for Late- or Non-Submission of ITR12T Income Tax Returns for Trusts + Trust Deregistration process 

    • Media Release: Trust Deregistration and Tax Compliance 

    • Media release: SARS secures High Court Preservation Order as Corruption Crackdown Intensifies 

    • Tax Directives Legislative Changes and System Enhancements 

    • How to Confirm your Contact details on eFiling 

    • Tax Practitioner registration and verification process improved 

    • Media Release: SARS to help employers and third-party data providers to submit accurate declarations 

    • Employer Reconciliation (EMP501) submission webinar on 23 April 2026 

    • Simplified Beneficial Owner Register for Partnerships 

    • Notice to submit returns for the 2026 year of assessment 

    • Submission and processing of AA88 Third-Party Appointment notices 

  • Taxpayers must be on the lookout for New Scams: 

    • Outstanding Settlement Notification 

    • Payment and pending release of hardware wallet (cold storage 

  • Tax court cases: 

    • SARSTC VAT 32666 (VAT) [2026] ZATC JHB (18 March 2026) 

  • High court cases: 

    • X and Another v CSARS (A117/2025) [2026] ZAWCHC (16 April 2026) 

    • Trakman NO v CSARS (58927/21) [2026] ZAGPPHC (25 March 2026) 

    • Multipurpose Distributors v CSARS and Others (000317/2023) [2026] ZAGPPHC 90 (6 February 2026) 

    • BASF South Africa Pty (Ltd) v CSARS (A2024/024644) [2026] ZAGPJHC 275 (13 March 2026) 

  • SCA cases: 

    • Glencore Operations SA (Pty) Ltd and Others v Commissioner for South African Inland Revenue and Another (406/2024) [2026] ZASCA 47 (9 April 2026) 

  • Constitutional cases: 

    • Absa Bank Ltd and Another v CSARS (CCT 72/24) [2026] ZACC 15 (22 April 2026) 

Regulator news: 

  • IRBA News & press releases: 

    • Disciplinary hearing panel imposes severe sanctions against former audit partner of VBS Mutual Bank 

    • News #73 

    • 20 Years of Independent Audit Regulation and Safeguarding the Public Interest 

  • SAICA press releases and other publications: 

    • Submission on CMS Circular 44 of 2025: Proposed Auditor Rotation Requirements 

  • CIBA press releases and other publications: 

    • Newsletters 

  • Companies Tribunal:  

    • 11 Cases finalised in Apr 2026  

  • FSCA publications & press releases:  

    • FSCA takes regulatory action against Khanyazania Holdings (Pty) Ltd, Azania Investors (Pty) Ltd, Messrs Simiso Anthony Manatha, Nqobi Ephraim Thwala and Khwezi Jackson 

    • FSCA takes regulatory action against Acqumen Fund Limited (Pty) Ltd  

    • FSCA imposes R350 000 administrative penalty on Thembnkululeko Construction (Pty) Ltd 

    • High Court Confirms Fusion Guarantees (Pty) ltd are conducting Unregistered Insurance Business and Interdicts it from Issuing Its Construction Guarantees 

    • Update on licensing and supervision of crypto asset service providers 

    • FSCA takes regulatory action against Mr Ian Roscoe 

    • Various Warnings issued against fraudulent FSPs 

  • SARS:  

    • Latest Tax Practitioner Newsletter – Issue 70 (March 2026) 

    • Latest Government Connect Newsletter – Issue 33 (March 2026) 

    • Latest Monthly Tax Digest – April edition 

    • Latest SMME Connect Newsletter – Issue 14 (April 2026) 

    • Latest Tax Practitioner Newsletter – Issue 71 (April 2026) 

    • Latest Government Connect Newsletter – Issue 34 (April 2026) 

General Announcements / News Releases: 

  • Media articles:  

    • Cold calling crackdown: new CPA regulations put estate agents on notice 

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