SOURCE CODE DESCRIPTIONS IRP5 code 3724

Allowance codes

in the electronic file IRP5 code 3724 is used for: Amounts paid by any COVID-19 Disaster Relief Organisation (IT). Any payment/benefit received from a COVID-19 Disaster Relief Organisation (so called sec 18A Relief scheme/fund) and paid to an employee. his code must NOT be used for benefits received from the UIF Temporary Employees Relief Scheme (UIF TERS). Only applicable FOR 2021 YOA.

The prescribed Length of IRP5 code 3724 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