iXBRL : What, Why, Who and When

Submitting financial statements in iXBRL format with CIPC? Visit our link to know more about what is iXBRL, who should file, what to file, when to file and how to file.

All About iXBRL for CIPC filing

For drafting accounts, conversion and filing financial statements in iXBRL format with CIPC


Effective from 1 July 2018, Companies and Intellectual Property Commission ("CIPC") has mandated that the Annual Financial Statements ("AFS") be reported in iXBRL (inline eXtended Business Reporting Language) format which must accompany the Annual Returns of a company.

Disclaimer: In this section, for your benefit we have collated relevant information related to XBRL filing with CIPC. The information is provided as a guide only and is not professional advice including legal advice.

All about iXBRL

XBRL, abbreviation for eXtensible Business Reporting Language, is an XML-based language for tagging...

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Why ?

CIPC - an early adopter of iXBRL technology. South Africa is one of the first countries on the continent to adopt ...

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Who ?

In terms of Section 33 of the Act read together with Regulation 28, 29 and 30 of the Companies Regulations...

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What?

Minimum tagging for AFSs will comprise of individual tagging of all applicable facts of the Primary Financial Statements...

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When?

As per the current Act, entities must file their annual returns with CIPC 30 business days after the year end...

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How?

The CIPC will offer online portal as mechanism through which entities can upload their AFS or data in iXBRL...

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