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IRBA Sets Down Adjusted Fees

March 24, 2020

Independent Regulatory Board for Auditors

Fees payable to the Independent Regulatory Board for Auditors (IRBA) have been adjusted.

IRBA published the revised fees in Government Gazette 43110.

New fees in place from 1 April 2020 include:

• Individual registration fee – R11 030;
• Firm registration fee – R5 510;
• Annual renewal of registration by registered auditors – R8 750;
• Training contract – R2 890;
• Audit development programme – R6 520;
• Inspection administration fees payable for cancellation per hour – R2 370;
• Application fee for accreditation – R60 470.

In Notice 326, national treasury published the allocations to metropolitan municipalities from the general fuel levy revenue.

The City of Cape Town Metro receives R 2 594 972, City of Tshwane Metro is allocated R 1 492 460 and eThekwini Metropolitan Municipality gets R 2 854 469.

Meanwhile, national treasury has issued a statement announcing that workshops on the proposal to introduce Export Taxes on Scrap Metals and the Taxation and Regulation of Electronic Cigarettes, respectively, planned for 25 March 2020, have been cancelled due to disaster management regulations on the coronavirus.

Further information regarding the nature and date of consultations will be communicated to all stakeholders in due course.

Written comment on the export taxes on scrap metals is invited until 9 April 2020.