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PAYE Interim Reconciliation Deadline is approaching

Thursday, 25 October 2012   (0 Comments)
Posted by: SAIT Technical
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By SAIT Technical

The PAYE Interim Reconciliation runs from 1 September 2012 for the 2013 year of assessment. To avoid penalties, submit your Employer Reconciliation Declaration (EMP501) and Employee Income Tax certificates [IRP5/IT3(a)s] for the transaction period 1 March to 31 August 2012 before the 31 October 2012 deadline to avoid penalties..

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Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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