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SARS Extends Employer Tax Filing Deadline,
by Robert Lee, Tax-News.com, London
Monday, September 01, 2008
The South African Revenue Service (SARS) will grant a reprieve to employers and
businesses in the country by allowing more time for them to submit payroll information
without facing penalties.
The deadline for employers to submit PAYE reconciliation declarations (an EMP501
form) to SARS, as well as the tax certificates (like an IRP5 form), on behalf
of their employees was the close of business on August 29, 2008. The result
of failing to do so would have been strict penalties SARS could have imposed
against defaulting employers.
By Friday’s deadline 130,000 employers had submitted payroll declarations
together with 10 million tax certificates of their employees. This will enable
SARS to start preparing a unique, customised “pre-populated” income
tax return for the first time for millions of individual taxpayers.
However, SARS has decided to grant employers more time, until September 12,
2008, to submit EMP501 declarations.
In a statement announcing the deadline extension, SARS acknowledged that the
the new payroll reconciliation process and software introduced this year has
required substantial change from businesses, payroll administrators, tax practitioners
and, indeed the tax collector itself.
"Businesses have gone to great lengths to comply and many smaller businesses
especially, have struggled to meet their obligations on time," SARS stated
on Friday.
"As a result a number of businesses, some business organisations and tax
practitioners who want to comply have asked for more time," the revenue
service added.
According to SARS, last Friday (the original deadline day), its call centre
fielded more than 40,000 calls, while more than 26,000 employers submitted their
declarations.
SARS singled out the "remarkable response" to the new initiative
of government institutions, collectively the largest employer in South Africa,
with 1.1 million employees.
However, SARS has expressed some concern over the accuracy of information received
on the declarations, and the tax collector said that it is working with employers,
the Department of Home Affairs and other sources to clean up the data. It conceded
that this is a process that "will take time."
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