News FlashesApril 6, 2023

CRS News Flash 06 April 2023 – SOUTH AFRICA – Employer Annual Reconciliation Submissions

It is important that employers note the following:

Annual Reconciliation Season 2022/2023

On Thursday, 30 March 2023, SARS published a notice on its website to inform employers of the annual reconciliation submission period.

The annual reconciliation declaration (EMP501) submission period opens on 1 April 2023 and closes on 31 May 2023. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2022 to 28 February 2023. The EMP501 must reflect accurate and up-to-date payroll information about employees, employees’ tax (PAYE) payments made, and tax certificates (IRP5/IT3(a)s) generated.

The SARS notice includes essential information to assist employers in the reconciliation process.


To view the notice, follow the link.



Contact our legislation team on if you require any additional information.
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