A public notice will be published in the Government Gazette this Friday – requiring employers to submit their payroll data to the South African Revenue Service (SARS) for the 2014 tax season.
“Although the Employer Annual Reconciliation period must be filed by 30 May 2014, employers have been able to submit their Reconciliations from 1 April 2014, and since last month SARS has been reminding employers in writing that the submission period had begun,” SARS said in a statement on Wednesday.
Employers are required to submit their Employer Reconciliation Declarations (EMP 501 forms) and Employee Tax Certificates (IRP5 certificates of employees) for the transaction period from 1 March 2013 to 28 February 2014.
The revenue service said that employers play an important role in the tax system because the payroll data of employers enables SARS to prepare a pre-populated income tax return for employees which will become available when the 2014 tax season begins in July.
In 2013, more than 85% or 242 998 employers submitted their payroll data to SARS on time, and employers that do not meet submission deadlines may face an administrative penalty for each month that a complete return is not filed. This administrative penalty may be calculated up to 10% of the total PAYE that was or should have been deducted. – SAnews.gov.za
Alan Straton
Latest posts by Alan Straton (see all)
- TrueTech Readies South African Homes and Offices for a Year-End Tech Upgrade - 2 November 2026
- Now I Understand Why Investing Is Not for the Faint of Heart - 2 November 2026
- LED-Lightbox Rental in Midrand Delivers, Sets up and Collects Light-up Letters, Numbers and Neon-Style Signs for Gauteng Weddings and Year-End Functions - 2 November 2026
- Record Numbers Walk in Step With Those Affected by Cancer - 2 November 2026
- PrintEngine Sets up Web-To-Print Storefronts for South African Print Shops Still Taking Orders by Email and WhatsApp - 2 November 2026
