Insightful BlogsOctober 11, 2022
Tax year-end preparation for employers
The Fourth Schedule to the Income Tax Act No. 58 of 1962 states, among other things, that employers are required to: Deduct or withhold employees’ tax from remuneration; Pay the amount deducted or withheld to the South African Revenue Service (SARS) monthly on or before 7th of the following month; Reconcile employees’ tax during the...