Employer Annual Declarations (EMP501)

One of the key goals of SARS is to enhance our service to offer a smooth taxpayer experience that ensures transparency and assurance, making it simpler to fulfill your tax responsibilities. This letter instructs you on handling your pay-as-you-earn (PAYE) tax duties during the yearly declaration phase.

Your tax compliance helps SARS to achieve its Higher Purpose, which is to enable the State to provide for the well-being of all South Africans.

Employees’ Tax Compliance Starts with You, the Employer

The Employer Annual Declaration period is open from 1 April and closes on 31 May 2024. During this period, Employers must submit their annual reconciliation declarations (EMP501) with accurate and up-to-date payroll information about their employees. Your EMP501 must include:

• Monthly Employer declarations (EMP201) for PAYE, Unemployment Insurance Fund contributions (UIF), and the Skills Development Levy.
• Information about payments made (excluding penalties and interest paid).
• Employee tax certificates (IRP5/IT3[a] generated) covering the tax year from 1 March 2023 to 29 February 2024.

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