News FlashesApril 1, 2022

CRS News Flash 31 March 2022 – SOUTH AFRICA – Employer Annual Reconciliation Submission

MARCH 2022 – SOUTH AFRICA
EMPLOYER ANNUAL RECONCILIATION SUBMISSION
It is important that employers note the following:

Annual Reconciliation Season 2022
On Wednesday, 30 March 2022, a notice was published on the SARS website to inform employers of the annual reconciliation submission period.

The annual reconciliation declaration (EMP501) submission period opens on 1 April 2022 and closes on 31 May 2022. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2021 to 28 February 2022. The EMP501 must reflect accurate and up-to-date payroll information about your employees, employees’ tax (PAYE) payments made and tax certificates (IRP5/IT3(a)’s) generated.

 

SARS have included useful information to reconcile easily in their notice to employers.

 

To view the notice, follow the link.

 

Contact our legislation team at info@crs.co.za if you require any additional information. 

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