The Employer Interim Reconciliation for 2025 is open for employers until 31 October 2024.

We need to note the following key enhancements introduced to streamline the process:

• New Source Code: Source code 3926, related to the savings withdrawal benefit, has been added to the IRP5/IT3(a) certificate.

• Removed Source Codes: Source codes 2039 (Employer Contact Person Fax Number) and 3137 (Employee Fax Number) have been removed.

• Financial Fields Enhancement: If all the digits of a financial field are identical (e.g., 4444.00), a warning message will be displayed.

Updates to Employer Statement of Account:

• The statement now includes the Employment Tax Incentive (ETI) account balance and displays the payroll tax status.

EMP501 Reconciliation Process:

• Directive validation has been improved to allow multiple source codes for one directive number.

• Employers will be prevented from submitting an EMP501 reconciliation before the Interim Filing Season starts or if a final EMP501 has already been submitted.

• Notifications will be issued where PAYE should have been deducted for IT3(a) certificates with an Income Tax reference number.

Employer Deregistration Process:

• Deregistration of payroll taxes will not be automatically reinstated if amendments are made to an EMP501 reconciliation in the Excessive Liability Change process.

e@syFile™ Employer Updates:

• The e@syFile™ Employer application has been upgraded for better performance and improved navigation.

• Employers can use the old and new versions of e@syFile™ on the same PC for bi-annual submissions; however, only the new version will be accepted for the annual Filing Season.

Accountants should ensure their clients are prepared for these updates to avoid disruptions and maintain compliance.

To learn more and find the list of updated guide list, visit the PAYE section on the SARS website.

Find answers to Frequently Asked Questions on the e@syFile webpage.

Read more on the  October edition of the SARS Government Connect.