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SARS Asks Employers For Payroll Info Compliance

by Lorys Charalambous, Tax-News.com, Cyprus

03 June 2013


The South African Revenue Service (SARS) had called on employers to submit their payroll data, in Employer Reconciliation Declaration and Employee Tax Certificates, by the May 31 deadline.

In a statement, SARS spokesperson Adrian Lackay said the "payroll data is a reconciled account of what amounts of tax the employer has deducted from the monthly salaries of its employees and what amount of tax has been paid to SARS on behalf of the employee. It also records other allowances employers pay to their employees as part of their remuneration benefits."

The deadline for employers referred to the transaction period from March 1, 2012 to February 28, 2013, in respect of Monthly Employer Declarations submitted and payments made. Lackay added that as of May 30, just over 197,800 companies had submitted their payroll data, which was more submissions compared to 187,000 companies for the same period last year.

"The Employer Reconciliation process is a crucial first step in the wider income tax process," Lackay continued. "Without the completion of the Employer Reconciliation process, SARS cannot issue taxpayers registered for income tax with a complete pre-populated income tax return when the 2013 tax season for individuals and trusts commences on July 1 this year. Companies who fail to submit payroll data on time may become liable for late submission penalties of up to 10 percent of the value of their payroll."

TAGS: individuals | South Africa | compliance | tax | business | tax compliance | law | employees | payroll | tax authority | penalties | individual income tax | Africa

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