2023 Bi-Annual Employer Reconciliation Declaration
2023 Bi-Annual Employer Reconciliation Declaration
For this reconciliation period (bi-annual EMP501) employers are required to submit accurate declarations for the six months from 1 March to 31 August 2022.
BI- Annual EMP501 Submission Date
- Submission period: 19 September to 31 October 2022
- Any late or non-submissions will result in penalties and interest being charged
BI-Annual EMP501 Submissions must reconcile
Employers are required to submit an EMP501 which reconciles the following:
- Monthly Employer Declarations (EMP201s) submitted to SARS
- Payments made to SARS
- Total value of employees’ tax certificates for the period, i.e. IRP5s/IT3(a)s
Should the above not balance, or reconcile, SARS will alert the employer.
Online Submissions
Employers can use either:
- e@syFile™ Employer
- eFiling (if 50 IRP5s/IT3(a)s or less)
- Manual submissions have largely been discontinued, with SARS only accepting this formatted in exceptional circumstances
As any post reconciliation adjustments may attract further SARS enquiry as well as penalties and interest, we recommend that you undertake a PAYE review, whether detailed or high-level, in order to have certainty of your level of payroll compliance before submitting your declaration.
We can assist you with a tailor-made PAYE review solution which will benefit you and your company. For more information and assistance, please contact:
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Dumisa Sihawu |
Doné Howell |