News Flash 13 March 2024 – SOUTH AFRICA – New SARS PAYE BRS published

The requirements, as defined in this version of the BRS (Business Requirement Specification), will become effective from 1 March 2024 for payroll suppliers and will be implemented on SARS systems in September 2024.

The changes include:

·        Lump sum codes:

·        Code 3926 – a new source code for the withdrawal from the savings component/pot of a retirement fund.

·        Code 3909 (unclaimed benefits) – amendment of descriptions and/or validation rules.

·        Code 3923 (transfer of unclaimed benefits) – amendment of descriptions and/or validation rules.

·        Normal income codes:

·        Code 3620/3670 (Directors remuneration – NED directors/audit committee member fees) – amendment of descriptions and/or validation rules.

·        Tax certificate – employee information:

·        Code 3010 (certificate number) – amendment of descriptions and/or validation rules.

·        Directive information:

·        Code 3230 (number of directives issued by SARS) – amendment of descriptions and/or validation rules.

·        Code 3232 (directive income source code) – amendment of descriptions and/or validation rules.

·        Employee remuneration information:

·        Code 4115 (PAYE on retirement lump sum and severance benefits) – amendment of descriptions and/or validation rules.

In addition, the following source codes have been removed:

·        Employer information:

·        Code 2039 (employer contact person fax number).

·        Tax certificate – employee Information:

·        Code 3137 (employee fax number).