Employers across South Africa are reminded that the 2024 employer annual filing season officially commenced on the 1st April 2024, and will run until the 31st May 2024. During this period, employers are required to submit all annual reconciliation declarations, covering the tax year from 1 March 2023 to 28 February 2024.
It is imperative for employers to ensure that their EMP501 submissions reflect accurate and up-to-date payroll information about their employees. Failure to comply with these requirements can lead to penalties and unnecessary complications.
For those who find navigating the intricacies of the employer filing season daunting, assistance is available. HRTorQue offers comprehensive support services tailored to your needs. Whether utilising Psiber, Payspace, Sage 300 People or Sage VIP, our team of experts are ready to assist in streamlining the filing process and ensuring compliance with SARS regulations. Contact us on [email protected].
Employers seeking further guidance and insights into the filing season can access the full notice issued by the South African Revenue Service (SARS) through the following link: https://www.sars.gov.za/latest-news/employer-annual-reconciliation-declaration-submission/