Annual IRP5 (PAYE) reconciliation for 2011/2012
Between 1 April and 31 May 2012, it is time for employers to submit their annual Employer Reconciliation Declaration (EMP501) and Employee Income Tax certificates [IRP5/IT3(a)] for the transaction period 1 March 2011 to 29 February 2012.
The South African Revenue Service ( SARS) has we enhanced the process over the years, all it takes are four e@systeps to reconcile:
1. Download or access the latest version of e@syFile™ Employer
2. Import the electronic IRP5/IT3(a) CSV files
3. Reconcile your EMP501 4. Submit your completed EMP501 and IRP5/IT3(a), where applicable EMP601 and EMP701 before the deadline of 31 May 2012.
To avoid penalties you are urged to submit a complete, accurate and reconciled EMP501 and IRP5/IT3(a)s, and where applicable EMP601, by no later than the 31 May 2011 deadline. Penalties will be imposed for failure to submit, late or inaccurate submissions, or reconciliations which do not balance.
Contact us for assistance on firstname.lastname@example.org with your IRP5 (PAYE) reconciliation.