Results 1 to 6 of 6

Thread: emp501 recon 201602

  1. #1
    Silver Member Christel's Avatar
    Join Date
    Feb 2012
    Location
    Port Elizabeth
    Posts
    326
    Thanks
    53
    Thanked 90 Times in 64 Posts

    emp501 recon 201602

    Hi All, I see on the SARS website that the filing period for EMP501 recons is only from 18th April 2016.... does anyone know why not the 1st April like previous years?

    April 2016 - Employer Annual Reconciliation

    Employers are required to submit their Pay-As-You-Earn (PAYE) Employer Annual Reconciliations between 18 April and 31 May 2016 to SARS, confirming or correcting payroll tax amounts which were declared during the 2015/2016 tax period.

    This year, employers are urged to accurately verify and update each employee’s personal and financial details before submitting their Annual Reconciliation Declaration (EMP501) and Employees Income Tax Certificates [IRP5/IT3(a)s] to SARS.

    Should these details be incorrect on an IRP5 certificate, the employee will be unable to file his/her Income Tax Return for Individuals (ITR12) during Tax Season. Individuals will no longer be allowed to make any corrections to pre-populated IRP5 details on their returns.

    In cases where details are incorrect, employees will have to revert to their respective employers who will need to make changes on the IRP5 and re-submit these to SARS. This process can be time consuming and it may become problematic for employees to file on time.

    Employers play a very important part in the income tax cycle which effectively starts on 18 April with the submission of the annual reconciliations. We rely on your cooperation to make the submission of ITR12s later in the year as stress-free as possible for all involved. Need help? Call the SARS Contact Centre on 0800 00 7277.
    always fear when Christel is near....

  2. Thank given for this post:

    Dave A (06-Apr-16), Mike C (05-Apr-16)

  3. #2
    Silver Member
    Join Date
    Sep 2012
    Location
    Louis Trichardt
    Posts
    260
    Thanks
    52
    Thanked 39 Times in 35 Posts
    Probably to give SARS time to ensure that no problems are encountered with the software...

  4. Thanks given for this post:

    Christel (08-Apr-16)

  5. #3
    Silver Member Christel's Avatar
    Join Date
    Feb 2012
    Location
    Port Elizabeth
    Posts
    326
    Thanks
    53
    Thanked 90 Times in 64 Posts
    ja nee... no comment
    always fear when Christel is near....

  6. #4
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,841
    Thanks
    3,045
    Thanked 2,448 Times in 2,054 Posts
    Blog Entries
    12
    Perhaps it's a tech milestone date - I notice the new Tax Clearance Certificate system is also set to commence from 18th April.
    The trouble with opportunity is it normally comes dressed up as work.

  7. #5
    Silver Member Christel's Avatar
    Join Date
    Feb 2012
    Location
    Port Elizabeth
    Posts
    326
    Thanks
    53
    Thanked 90 Times in 64 Posts
    I hope all will go smoothly... e-filing is already so slow..... They should have at least then extended the filing season to 10th June. maar dis seker te veel gevra.
    always fear when Christel is near....

  8. #6
    New Member
    Join Date
    Sep 2016
    Location
    gauteng
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi

    Regarding BRS requirements from SARS - if one needs to make a financial change to a certificate issued for lets say 201602 - I see this been a resubmission and can only be completed on the latest version of easyfile 6.7.2- But what I have seen happen is that it causes failures on all tax certificates already successfully submitted re most address info - due to the mandatory change 01/03/2016 re country code on employees tax certificate - One can still get by on the Employers country code but if one is dealing with volumes this can cause a big issue - Various options available - of options that have been suggested - but the only option I think would best resolve this if SARS can use an effective date in the programme - Am I missing the point somewhere - Please advise

    Jen

Similar Threads

  1. Easyfile EMP501 issue
    By marchant in forum Tax Forum
    Replies: 13
    Last Post: 11-May-15, 01:56 PM
  2. [Question] EMP501 Recon 6 month
    By Roger15 in forum Tax Forum
    Replies: 0
    Last Post: 08-Oct-13, 10:12 PM
  3. 201302 EMP501
    By Jennajay in forum Tax Forum
    Replies: 1
    Last Post: 22-May-13, 07:00 PM
  4. EMP501 Interrim recon (201208)
    By Christel in forum Tax Forum
    Replies: 0
    Last Post: 12-Aug-12, 11:24 AM
  5. EMP501 Recon 1 April - 31 May 2012
    By geraldenek in forum Tax Forum
    Replies: 12
    Last Post: 09-Apr-12, 09:46 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •