• GAAR in 2026 — RASS vs SARS: What Practitioners Need to Know — A fresh Tax Court judgment (7 companies, dividend-stripping ahead of a share sale). • CSARS v Meiring Citrus (Pty) Ltd (A161/2025; IT 46080), WCC, 26 June 2026 — High Court overturns the Tax Court and disallows a R10m “self-insurance” premium as a disguised investment deposit, not deductible expenditure under s11(a) — and confirms SARS could lawfully reopen a prescribed assessment because of the taxpayer's non-disclosure of accrued interest. • SARS Draft Guide to the Taxation of Crypto Assets — Published 1 July 2026 — crypto treated as an intangible asset/financial instrument (not currency); trading stock rules; new Crypto Revenue Augmentation Unit. • Draft BGR — filing date of return — Where a company changes its financial year-end. • SARS Newsletters — Government Connect, Tax Practitioner Connect and the Monthly Tax Digest. • Draft Notice under sections 18A(2B) and (2C) — Prescribes the information that must be contained in a s18A donation tax certificate. • SAICA feedback from meetings and SARS interactions — Summary of SAICA's ongoing engagement with SARS arising from recent practitioner meetings. Newsworthy Items • VAT Practice Note 7 of 1992 withdrawn — Passenger transport — withdrawal effective 1 January 2027. • BGR 75 — Clarifies the VAT treatment of ambulance and emergency medical transport services. • Traveller declarations now required online — From 1 July 2026 — extends June's vehicle-declaration item to general customs declarations. • SCA: SARS Must Show Its Reasoning, Not Reconstruct It Later — QI Logistics v SARS — SARS's R35m customs demand was set aside for failing to rationally engage with evidence submitted, then trying to justify it only in later court papers. • Notice of address for serving legal proceedings and delivery of document or notice — New requirement for taxpayers to nominate an address for service of legal proceedings and delivery of SARS notices. • Notice 7645 — TAA s187(2) — Government Gazette 54921, published 30 June 2026 (effective 1 July 2026) — prescribes the date from which the new interest-calculation method applies to amounts imposed under the Global Minimum Tax Act. • SARS “Waiting Room” — New read-only eFiling queue introduced for the 2026 Auto Assessment period (1–12 July) to manage peak-traffic access to assessment results. • Notice 7602 — Date by which an auto-assessed taxpayer can request a reduced or additional assessment. • VAT Reference Guide — Schools Exiting the VAT System — Clarifies deregistration mechanics and confirms 12-month interest-free instalment relief from Jan 2027 for exit VAT payable on assets held at 31 Dec 2025. • Updated income tax guides — Routine SARS refresh of guides to reflect current legislation. • Average Exchange Rates — Tables A and B updated — Routine periodic update for foreign-currency conversions.

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• IAS 28 amendments: fair value option for associates and joint ventures — IASB clarifies which entities qualify for the fair value election ahead of IFRS 18's 2027 effective date, given the knock-on effect on operating vs investing P&L classification. • IFRS for SMEs — new educational modules (Inventories & Provisions) — IASB has published Module 13 (Inventories) and Module 21 (Provisions and Contingencies) to support implementation of the third edition of the Standard ahead of its 1 January 2027 effective date. Newsworthy Items IFRS Video: Preparing for IFRS 20 implementation — Short IFRS Foundation guidance on transitioning to the newly issued IFRS 20 Regulatory Assets and Regulatory Liabilities.

Unlawful salary deductions — BCEA s34 — Malumane v MEC for Health – Mpumalanga [2026] ZAMPMBHC 47 (11 June 2026) — High Court confirms employers cannot self-help by deducting pay, even where the employee's absence is disputed; the only question is whether the deduction itself meets the s34 criteria.

Ethics IESBA Firm Culture and Governance Viewpoints — Six-month global dialogue launched, feeding into the 2028–2031 strategy — including insights from IRBA's review of ISQM systems and feedback on “culture of the firm.” Governance • Deregistration doesn't kill director liability — contempt route — Western Cape High Court (Lupacchini) holds a director and a de facto director personally in contempt for a deregistered company's failure to comply with a court order — not veil-piercing, but a reminder that directors' own conduct-based liability survives deregistration. • Companies Tribunal: SEC exemption applications — three outcomes — CRONIMET (dismissed) and NewGold Issuer (refused) both relied on bare assertions and internally contradictory evidence; Emeraude International (granted a 5-year exemption) succeeded by addressing every Reg 43(5) function point-by-point — a useful template for what a proper exemption application looks like. Newsworthy Items • Reminder to submit compliance checklists — CIPC's periodic prompt to companies to submit outstanding annual compliance checklists. • CIPC case management system expanded — Rollout continues; list of email addresses that are no longer monitored has been published. Risk and Compliance • AARTO partial commencement — Phase 2 of the AARTO Act and AARTO Amendment Act took effect on 1 July 2026 in 62 municipalities (including Johannesburg and Tshwane), after SALGA's urgent bid to interdict the rollout was dismissed by the Gauteng High Court. • FATF June 2026 Plenary — updated grey and black lists — accountable institutions should refresh country-risk ratings and EDD triggers to reflect the additions and removals.