Saturday 4 June 2011

PAYE EMP501 Submissions

The EMP501, PAYE reconciliation, should be submitted to the South African Revenue Services (SARS) by 3 June 2011.

Penalties could be imposed by SARS for late and incomplete submissions of the PAYE reconciliation. A request for remittance of the penalty is possible, if you can prove the circumstances causing the non-compliance were beyond your control.

The submission experience has improved this year. There were some hiccups. For example, the numerous upgrades of e@syFileTM. Users of e@syFileTM look forward to the smaller upgrade bursts which are quicker to download and don't require a complete uninstall and reinstall of the program, to make sure upgrade is complete. The hours and gigs used downloading e@syFileTM software this year at least made internet service providers happy.

The income tax synchronisation system was faulty. Registration of new income tax numbers could be done via e@syFileTM but often the numbers did not populate the income tax number field.

There is a drive on to have the PAYE reconciliation completed monthly. This will be phased in over the next few years. We have experienced the mid year and end of year submissions. Tax payers will need to make sure that good systems are in place to keep up with accurate submissions on a monthly basis.


Review www.sars.gov.za for more information.

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