CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. SARS Issues Urgent Appeal To Employers As Filing Deadline Approaches

SARS Issues Urgent Appeal To Employers As Filing Deadline Approaches

by Robert Lee, Tax-News.com, London

14 August 2008


On 12th August, the South African Revenue Service (SARS) issued an "urgent" appeal to all employers in the country to submit their payroll records to SARS as soon as possible with the submission deadline now less than a fortnight away.

SARS disclosed that as of 12th August, 42,400 employers have submitted a Reconciliation Declaration (EMP 501 form), along with 2.5 million employee tax certificates. The EMP 501 document is a reconciliation of taxes deducted from employee salaries (PAYE), payments made to SARS on behalf of employees and tax certificate information.

Employers have until 29th August 2008 to submit payroll information to SARS after which strong penalties may be imposed.

SARS warned that non-compliant employers "will make it very difficult" for their workers to submit completed income tax returns when the filing period for individuals opens on 1st September 2008, because SARS will for the first time this year issue employees with pre-populated tax returns that already contain their information.

“A new emphasis is being placed on the information supplied by employers to SARS in respect of the PAYE deducted from employees. This year employers will be required to meticulously submit records which will ensure that SARS has accurate information about their employees. Employers are reminded that employees cannot begin filing until a reconciled declaration has been received from the employer,” commented SARS Commissioner Pravin Gordhan.

SARS has engaged a large number of employers since 1st July this year to assist them with the new requirements. Still, SARS believes that there are many employers who have not yet complied with the legal requirement to submit their declarations within a 60 day period which started on 1st July.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »