We have spent much of July and August involved with our annual conference and I am delighted to say it was very well received. (Please click here to view our photo gallery of the more memorable moments!) Jerry Botha from Tax Consulting gave a fantastic update on the tax landscape, including some of the very complex amendments we will be dealing with in the coming months.
Compliance is becoming increasingly tricky for many South African companies and we will continue to share our insights to help you stay on top of changes as they come down the line. With this in mind, please read on for some very important issues facing both HR and payroll practitioners.
Until next time,
SARS will automatically be issuing tax reference numbers to all employees included in the August submission for those who do not currently have a number. For this to take place, all biographical information needs to be up to date as SARS will validate against this. Should you miss this opportunity, you will be required to manually register all employees without tax reference numbers on e@syfile from September onwards.
- Provisional tax: SARS will no longer be issuing printed IRP6 returns. Instead, taxpayers liable for provisional tax must request returns by registering for eFiling, calling the SARS Contact Centre or visiting your nearest SARS branch. Additional changes have been made affecting provisional taxpayers and it is imperative you are aware of how these affect your employees.
- As of March 2011, company car allowance tax rate will be 3.5%. To help with your travel calculations, please click here to visit the Tax Consulting website where you will find a simple web-based calculator.
- Requirements for expats have changed and all expats now need to give SARS written notice if they are planning to leave the country.
- Also be aware that SARS (in association with PAG) is in the process of testing the August declaration process and thus e@syfile will only be available to employers by September.
Please call us for more information or help and we will happily walk you through the requirements.
The deadline for the submission of your equity reports is looming. Please note that the equity report may be submitted manually or electronically. For those of you who carefully maintain your information throughout the year, this should pose no problem.
A set of guidelines and pointers:
- Deadline for manual submission of EE Reports is 30 September 2010
- Faxed or emailed EE reports will not be accepted
- If it is the first time that you are submitting an EE report electronically, you need to register an online user account with the Department of Labour.
- Online service is scheduled to open 1 September 2010.
During the next month we’ll be offering training on the following modules:
- Payroll Operations
- Leave Module
- Report Writer
- Equity Module
- Safety Module
- Wellness Module
- Employee Relations Module
Please click here for the dates and venues.