Publication of Draft Gap Analysis on IFRS 2025 Taxonomy Updates

The Companies and Intellectual Property Commission (CIPC) hereby notifies the public that the Draft Gap Analysis in response to the IFRS Accounting Taxonomy 2025, published by the IFRS Foundation on 27 March 2025, is now available on the CIPC website.

You can access the Draft Gap Analysis here: https://www.cipc.co.za/wp- content/uploads/2025/04/CIPC-XBRL-Taxonomy-2025-Gap-Analysis-DRAFT-2025-04-17.docx

This Gap Analysis outlines the potential impact of the 2025 Taxonomy updates on reporting requirements, including:

  • IFRS 18 – Presentation and Disclosure in Financial Statements: Introduces new presentation and disclosure requirements, with a particular focus on the statement of profit or loss.
  • IFRS 19 – Subsidiaries without Public Accountability: Disclosures: Introduces simplified disclosure requirements for qualifying subsidiaries.
  • Amendments to IFRS 7 and IFRS 9: Reflect updates to the classification and measurement of financial instruments.

We kindly invite all stakeholders and interested parties to review the draft and submit any comments or feedback by the end of 09 May 2025. Feedback can be sent via email to: xbrl@cipc.co.za with the subject line: “Feedback – Draft Gap Analysis on IFRS 2025 Taxonomy Updates”.

Your input is highly valued and will contribute to the alignment of regulatory and reporting standards.

Notice 22 of 2025