COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC

Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).

Tax professionals ‘should prepare for more major shifts in SA’s tax system’

The compliance landscape has shifted from ticking the boxes to risk anticipation, risk identification, and proper disclosure.