The South African Revenue Service (SARS) has announced a webinar on the Employer Interim Reconciliation Declaration Filing Season. This webinar aims to assist employers in fulfilling their tax obligations and remaining compliant.

Employers are required by the Income Tax Act to deduct the correct amount of tax from their employees’ remuneration and pay it to SARS every month. They must also submit the Monthly Employer Declaration (EMP201) regularly and on time. The deductions and payments are reconciled through the completion of the Employer Reconciliation Declaration (EMP501). Additionally, employers must issue final tax certificates (IRP5/IT3(a)’s) to employees within the prescribed time frames and requirements. Some employers may need to submit reconciliation documents to SARS before issuing tax certificates.

SARS believes that providing clarity and certainty about tax obligations helps taxpayers fulfill their legal obligations and be tax compliant. As an important stakeholder, you are invited to join the webinar. You can also extend this invitation to other interested parties.

The webinar will cover the following topics:
– Submission channels
– General rules for import file structure
– Validation rules updates
– EMP501 reconciliation process

The webinar will take place on Thursday, 20 October 2022, from 17:00 to 19:00. It will be conducted virtually on the Zoom and YouTube platforms. To register for the webinar, please visit the following link: [insert link]. After registering, you will receive an email confirmation with the logon information for the webinar and instructions on how to ask questions during the event. The webinar will be recorded and posted on the SARSTV YouTube channel for future reference.

If you have any questions about Employer Interim Reconciliation Declarations, please send an email to [email protected].

Issued by:
PAYE Enabling and Design, and Taxpayer and Trader Education
Date: 6 October 2022