If you have submitted your annual returns before 1 July 2018 - must financial statements still be submitted or is the Practice Note only applicable on annual returns submitted form 1 July 2018?
AFS must be submitted via XBRL from 1 July 2018.
It has been compulsory to submit AFS for a very long time.
The year from which the company or close corporation became liable to file annual returns, were rolled out for the specific category of entity, and must be used together with its registration date:
- Public and external companies – rolled out August 2003
- Private and incorporated companies – rolled out May 2005
- Close corporations – rolled out September 2008
- Non-profit companies – rolled out May 2011
Disclaimer:
Please note that the information provided does not constitute legal or professional advice, but rather the applicability of existing theory to a given practical situation. Due care is taken to ensure that the information is correct, but it remains subjective and an interpretation of application of information.