This year, the Annual Reconciliation Declaration (EMP501) submission period opens on 1 April and closes on 31 May. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2021 to 28 February 2022. The EMP501 must reflect accurate and up-to-date payroll information about your employees, employees’ tax (PAYE) payments made and tax certificates (IRP5/IT3(a)’s) generated.
Please read the full SARS letter below on Annual Reconciliation Season 2022. More information is provided regarding the SARS Service Charter, accuracy and on-time filing, why is it important for you to submit an accurate EMP501 return on time and more.