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This Notice is a follow-up to Notice 21 of 2022 regarding the filing of Annual Financial Statements. It was anticipated that from 2 January 2023 the system would be ready to receive Annual Returns and filing of Annual Financial Statements using the XBRL. Due to system challenges, it was decided that the filing of Annual Returns and the Annual Financial Statement via XBRL will be kept in abeyance.<\/p>\n
As from 01 February 2023, Category C Co-operatives with turnover more than R25 million will be required as per the Co-operatives Act (as amended) to file Audited Financial Statements using the XBRL function and no longer via email.<\/p>\n
Further communication will be provided regarding annual returns and advice on how to file annual returns thereof. The step-by-step guide on filing the ASF will be made available on our website to assist with the process. A list of recommended software service providers who provide software and\/or outsourced services to convert AFS from other formats (e.g. PDF) into XBRL format is available on the website.<\/p>\n