The Bi-annual August 2023 PAYE reconciliation period is from 18 September 2023 – 31 October 2023. – All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS reconciling the PAYE/SDL/UIF paid during the period 1 March 2023 to 31 August 2023. Late submission of the EMP501 return AND submission of omitted […]

We refer to our communications sent in March 2023 relating to SARS’ move from their old customs platform to a new Registration, Licencing, and Accreditation (RLA) system on SARS efiling. SARS required all current registered customs numbers to be moved/migrated to the RLA platform to electronically manage the updated customs registered details. Most clients have […]

The Bi-annual August 2023 PAYE reconciliation period is from 18 September 2023 – 31 October 2023. – All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS reconciling the PAYE/SDL/UIF paid during the period 1 March 2023 to 31 August 2023. Late submission of the EMP501 return AND submission of omitted […]

Public Benefit Organisations (PBO’s) play an important role in addressing the social, economic, and financial challenges in the South African society. Section 18A of the Income Tax Act provides for a tax deduction of up to 10% of a taxpayer’s taxable income in respect of donations made to qualifying PBO’s. This includes companies and individuals. […]

We are in the process of preparing the first provisional tax returns for the 2024 tax year, due for submission to SARS by 31 August 2023. We would therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE (Employees tax) paid for the period 1 March […]

AWARENESS CAMPAIGN – REGISTRATION OF TRUSTS FOR TAX PURPOSES SARS has issued a Notice clarifying that all resident Trusts and Qualifying non–resident Trusts are required to register for tax purposes and prepare annual financial statements   With reference to the 2023 year of assessment, paragraph 2 of the Schedule to Notice 3540 published in the […]

7 July 2023 is the official start of the 2023 Tax filing season – SARS is encouraging all taxpayers to use SARS e-filing channels to file their tax returns with amended deadline dates: Type of Taxpayer Channel Due Date Non-provisional and provisional taxpayers Manually at a SARS Branch (by appointment only) 23 October 2023 Non-provisional […]

Click on the link or the image below: Table 3 Interest Rate on Fringe Benefit

The 2022 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline has been extended to 31 May 2023 (the initial deadline was 31 March 2023). The Workmen’s Compensation website for online submission/transacting on the ROE website only opened on 1 April 2023. This return relates to the payroll tax […]