Dear Employer,
Employers are required to submit an annual and biannual reconciliation declaration to the South African Revenue Service (SARS).
For the 2010 Employers Tax Season, we continue fine-tuning the PAYE process, introducing entirely new elements including new mandatory fields. The changes are a vital part of SARS’s long-term vision to have a more accurate reconciliation process.
The changes and results are contained in our latest e@syFile™ Employer software package, which was released. See our eFiling website to download the e@syFile software.
Some of the relaxed validations are:
Read more in our Business Requirement Specification: PAYE Reconciliation 2010 (version 10.0 - March 2010) ).
There are now critical steps you should take as an employer to ensure that you have a smooth Employers Tax Season. The 2010 Employers Tax Season Guide will help you understand what your responsibilities are as an employer with regard to the new requirements, and what you should be doing to fulfil your tax responsibilities. In this Guide, also see the conditions to register with SARS for tax purposes.
You have an important role to play by partnering with SARS in working towards our vision.
| KEY DATES |
|
- 1 March -31 March 2010
Preparing for the 2010 Employers Tax Season
- 1 April - 31 May 2010
Completing and submitting your Employer Reconciliation Declaration
- From 1 June 2010 or after reconciling
Issuing Employee Income Tax
Certificates [IRP5/IT3(a)s]
- 1 June 2010 to biannual submission period
Preparing for the first biannual PAYE
reconciliation |
|
