Bi-Annual Submissions 2012

Bi-Annual Submissions 2012

Payroll / eTorQue

In 2010, SARS implemented a bi-annual EMP501 reconciliation for all employers. Together with the EMP501 reconciliation for March to August 2012, SARS requires that you prepare and submit bi-annual IT3a’s and IRP5’s. The certificates are merely for reconciliation purposes and not to be issued to the employees.

SARS has insisted that every employee has an income tax number. The filing season opens on 1 September 2012 and closes on 31 October 2012. Don’t be late with your submission, there is a penalty of 10% of the total PAYE liability for the period for a late submission.

For HRTorQue payroll clients, we are excited to say that we have a new and easier way of registering your employees for income tax numbers and you will be receiving correspondence in this regard shortly. We will be extracting and submitting files for testing as soon as your August payrolls are closed, to be ready for submission during the filing season.

If you wish to outsource your payroll to HRTorQue, please contact [email protected] for a quotation.