IFRS: |
- ED64 : New Lease Accounting Model proposed for the Public Sector (IPSAS 13) – comments due by 30 June 2018
- IAS 19: Amendments to the employee benefits standard (IAS 19) on pension accounting published
- General IFRS update
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IRBA: |
- 8 Feb press release: IRBA wants to rope in audit committees under new APA
- 25 press release: IRBA wants restated Steinhoff financial statements
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CIPC: |
- Enforcement: list of CCs without accounting officers published
- Enforcement: personal liability if CC acts without accounting officer
- Update: revised guidance on appointment of accounting officers
- Accredited bodies: criteria to be appointed as business rescue practitioners
- Mandatory share offers: Takeover Regulation Panel ruling issued.
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Labour law: |
- National Minimum Wages : exemptions
- Asylum seekers: application for UIF
- Application: how to calculate the monthly notice period.
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Other Laws & Regulations affecting your client AND impact on NOCLAR: |
- COIDA : companies required to pay the funeral expenses of deceased employees
- National Credit Amendment Bill: Treasury objection - extinguishing debt would deprive creditors of property
- Money Laundering: list of deficient countries published
- King IV: Practice Notes on committees and declaration of interests
- Legal Practice Act: rules published affecting audit and accounting of attorney trust accounts
- Children's Amendment Act: removal of child without court order
- National Health Act: new safety standards for health establishments
- Labour Relations Act: essential services
- Insurance Acts: penalty for failure to submit returns
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SARS: |
- 2018 Budget: highlights
- Guides (new and updated):
- VAT rate increase
- FAQs on the increase in the VAT rate
- Tax rates, duties and levies
- IT Returns: latest enhancements for Trusts & Companies
- PBO Interpretation Notes :
- 22 – transfer duty exemption
- 24 –partial taxation of trading receipts
- 98 – transfer of funds and resources to any association or person
- Interpretation Notes (new and draft) :
- 99: lump sum benefits classified as unclaimed benefits
- Lease premiums, leasehold improvements, building allowances and meaning of “bulk” in mining industry
- Binding Private Ruling issued: 293 - disposal of shares by a non-resident individual
- Draft public notice: Amendments to IT3 returns - Section 26 of the Tax Administration Act, 2011
- Court cases: tax administration, understatement penalties, gross negligence, tax returns
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Regulator news: |
- Consumer Ombud (CGSO): fee structure announced
- Community Schemes Ombud (CSOS): Practice Directive 3 (discount or waiver of levies and fees) released
- Tax Ombud newsletter
- SARS warning on search & seizure scams
- SAICA audit support line for public schools launched
- Saiba/Unisa certificate for school bookkeepers
- EAAB:
- Fines for CPD training waived until 31 March 2018
- Guidance on implementation of FIC Amendment Act by estate agents
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General Announcements / News Releases: |
- SAICA update on Ntsebeza inquiry
- FIC update on online scams
- FSB warns public against 2 FSP companies
- POPI warning: unlawful processing of information by MiWay
- Saiba submission on Legal Practice Act (rules) to provide guidance for independent reviewers
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