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Thread: emp501 recon 201602

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    Silver Member Christel's Avatar
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    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....

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

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    Probably to give SARS time to ensure that no problems are encountered with the software...

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    Christel (08-Apr-16)

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    Silver Member Christel's Avatar
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    ja nee... no comment
    always fear when Christel is near....

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    Site Caretaker Dave A's Avatar
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    Perhaps it's a tech milestone date - I notice the new Tax Clearance Certificate system is also set to commence from 18th April.

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    Silver Member Christel's Avatar
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    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....

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    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

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