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...
Read MoreWhy ?
CIPC - an early adopter of iXBRL technology. South Africa is one of the first countries on the continent to adopt ...
Read MoreWho ?
In terms of Section 33 of the Act read together with Regulation 28, 29 and 30 of the Companies Regulations...
Read MoreWhat?
Minimum tagging for AFSs will comprise of individual tagging of all applicable facts of the Primary Financial Statements...
Read MoreWhen?
As per the current Act, entities must file their annual returns with CIPC 30 business days after the year end...
Read MoreHow?
The CIPC will offer online portal as mechanism through which entities can upload their AFS or data in iXBRL...
Read More
Request a call back
Do you need help? Leave us a message.We will get back to you within 60 minutes.
Popular Blogs
Our XBRL experts frequently write on contemporary topics related to XBRL across the world, associated regulatory updates and its impact on the filers.Please visit our blog section for more topics.
Managing Transition From UK GAAP To IFRS
UK Government’s tax department, Her Majesty's Revenue and Customs (HMRC) directed that effective from April 1, 2011 all UK based companies must file their Corporate Tax returns (CT returns) comprising of statutory accounts...
All that you need to know about HMRC CT600
Did you recently receive a ‘notice to deliver a Company Tax Return’ from HM Revenue and Customs (HMRC) and considering how to go about it. This blog provides you information on all that you need to know about iXBRL filing...
Top 10 iXBRL issues faced during CT600 filing
It has been 4 years since HMRC mandated iXBRL for filing annual returns and tax computations as part of the CT600.We have been frequently receiving queries from our customers related to CT600 filing.In this article...