Compliance - Regulatory / General

CIPC updates deadline for SA business to comply with beneficial ownership

The compliance game is changing

Documentation and enforcement matters are more likely to soak up the billable hours of South Africa’s tax enforcement professionals through 2023-2024, as legislators take a break to allow recently introduced changes to take effect. “The tax law has not changed that much year-to-date 2023,” said Professor Keith Engel, CEO of the South African Institute of Taxation (SAIT) during the introductory ‘recap’ to a pre-indaba workshop, jointly hosted by SAIT and Tax Consulting SA. He said minor changes around distributions from trusts had been somewhat overshadowed by the practical application and enforcement of existing laws by the South African Revenue Services (SARS).

Regulatory developments in the digital finance era

Webber Wentzel attended the Digital Finance Africa Conference in Johannesburg, which highlighted several trends and developments that will be of interest to our clients.

On their own, regulations and policies will not ensure compliance

Organisations’ compliance programs now need to undergo fresh risk assessments due to the rapid changes in an already complex regulatory environment.