CRS Gazette_April 2017

It’s EMP501 Madness - time for Mid-Year Employer Reconciliation Declarations It is that time of the year… and South African employers are reminded that Employer Reconciliation Declaration (or EMP501) have to be submitted to SARS. The EMP501 is important because it confirms or corrects the PAYE, SDL and UIF declarations as per the monthly EMP201 submitted, the payments made and the tax values of the Employee Tax Certificate and ETI, if applicable. The EMP501 submissions have two reporting periods, the interim period (which is for the transaction period 1 March to 31 August) and annual period (which is for the full tax year 1 March to 28/29 February). The interim reconciliation was introduced in September 2010 and has now become an integral part of the...comment

In as much as we are cognisant of the changes in South African labour law and feel passionate about the impact regulation has on business, we are just as acutely aware of changes to HR and labour law practices beyond South Africa’s borders... so, we want employers to be aware that Tanzania’s government had signed into law the Public Service Social Security Act, 2018, hereinafter referred to as the PSSS Act, which joins all pension funds into two major entities. The immediate implication is that the entire labour force in both the public and private sectors will be served by the Public Service Social Security Fund (PSSSF) and the National Social Security Fund (NSSF). What does this mean to business owners in Tanzania? Currently there...comment