CIPC iXBRL Reporting
CIPC iXBRL Reporting
iXBRL Conversion - Managed Tagging Service
Convert your Annual Financial Statements (AFS) to iXBRL documents by entrusting the task to our team of experts and save time as well as resources.
Our team encompasses highly skilled, qualified accountants, with in-depth knowledge and experience of iXBRL service that can support in the transition to the new CIPC compliance.
Why Managed Tagging Service (MTS) for iXBRL Conversion?
For firms and companies not using an APS, or tagging software, utilising a Managed Tagging Service (MTS) is an ideal option. By outsourcing it to adept experts, it is easy for your company to focus on operations, without wasting your time, cost and effort on non-core activities and reap more benefits while saving your business a fortune.
Advantages of Outsourcing iXBRL Conversion services
- Existing processes and systems of your business are not disturbed.
- Competitive cost with no initial investment, so it keeps future options open.
- High-quality professional service and timely delivery of error-free iXBRL reports.
- Support from a team of experts to guide with your iXBRL filing.
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Who Need to file AFS with CIPC in iXBRL format?
All entities—be they companies, closed corporations, publicly or privately listed organizations, or non-profits with a PI Score exceeding 350—must submit their AFS in iXBRL format to the CIPC. The same mandate applies to companies conducting internal audits with a PI Score above 100, cooperatives boasting an annual turnover greater than 10 million Rands, and any organization that has specified in its Memorandum of Incorporation (MOI) an intent to file their AFS using iXBRL.
Who is the trusted CIPC iXBRL Convertors in the South Africa?
Why should you outsource iXBRL Conversion & Tagging Service with DataTracks?
When is the deadline for filing annual returns with CIPC in iXBRL format?
What are the consequences of not submitting CIPC Annual Returns?
Failure to submit Annual Financial Statements (AFS) leads to an investigation, followed by a compliance notice with a specified deadline. Non-compliance may result in fines or formal prosecution. Additionally, not submitting CIPC Annual Returns may lead to entity de-registration and the imposition of penalties.