CIPC Draft Data Models for IFRS 2025 Now Open for Comment
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The Companies and Intellectual Property Commission (CIPC) has just released its draft updates for the 2025 XBRL reporting taxonomy affecting all businesses that submit financials via XBRL.
What’s Changing?
New IFRS 18 updates have been included, focusing on how companies present and disclose financial information.
A proposed sustainability extension is also in the mix, preparing for future ESG-related reporting requirements.
Who Does This Affect?
This applies to:
Companies reporting under IFRS
Co-operatives using XBRL
Entities reporting under GRAP (typically public sector).
Where to Access the Draft Models
Have Your Say
You have until 27 June 2025 to review and comment on the draft models.
Email your comments to xbrl@cipc.co.za with subject: “Feedback – Draft Data Model 2025”
