SOURCE CODE DESCRIPTIONS IRP5 code 4475

Deduction codes

In the electronic file IRP5 code 4475 is used for: Employer’s retirement annuity fund contributions paid on behalf of employee. This code is valid from the 2008 to 2009 years of assessment and from 2017 year of assessment.

The prescribed Length of IRP5 code 4475 in the electronic file is: N15

The abbreviations used within the description of the relevant codes mean:
• PAYE: Income is subject to the deduction of Employees’ Tax and will also be taxed when the income tax assessment for the employee is processed.
• IT: Income is not subject to the deduction of Employees’ Tax but will also be taxed when the income tax assessment for the employee is processed.
• Excl: Income is not subject to the deduction of Employees’ Tax and will also not be taxed when the Income Tax assessment for the employee is processed.
• Excl/PAYE: Depending on the circumstances described in the legislation, the income is either subject to both PAYE and Income Tax, or it is excluded from both PAYE and Income Tax