Home Practice Management Employers have until 31 October 2021 to submit EMP501 tax forms

Employers have until 31 October 2021 to submit EMP501 tax forms

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From Sars: Employers must submit their Interim Reconciliation Declarations (EMP501) between 13 September 2021 and 31 October 2021.

For easy and convenient reconciliation, please take note of the below critical information that can be done via the SARS eFiling.

•      Employers, Tax Practitioners and Payroll Administrators must download the latest employers’ e@syFile version 7.1.6.   

•      Employers must submit outstanding monthly declarations (EMP201) and annual reconciliations (EMP501) to SARS prior to submitting the interim EMP501 for 2021.

•      Employers must register employees for income tax purposes using Single (“Individual ITREG”) and bundle IT Registration (“Bundled ITREG”) for existing tax numbers as well as new registrations available on e@syFile™ .

Remember to advise all employers and third party data providers to download the latest e@syFile™ Employer via the SARS eFiling. It makes their lives easier.