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REMINDER
EMP501/IRP5 SUBMISSIONS This is your last week to submit your Employers’ Annual Reconciliation Declaration (EMP501) for the tax year Feb2024. The deadline is the 31 May 2024. Make sure you submit this on time to delay penalties.
What is PAYE?
Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE. See How to...
Reminder:
You have 13 More Working days until the deadline to submit your EMP501 IRP5s.Make sure to get these submitted before the 31 May 2024 to Avoid Penalties.
Payroll Laws and Updates
Payroll is a complicated and extremely important aspect of a business. Unfortunately, it is not something that remains constant. There are regular updates to existing legislation and new payroll laws that come into play. While this can be daunting, there...
Payroll taxes and the related declarations
While a key component of running a business is how much employees should be paid and what amounts must be withheld from their earnings, the buck definitely does not stop here. It is critical that employers understand their full responsibilities when it comes to hiring...
REMINDER:
25 April 2024 – Employer Annual Reconciliation period The submission period for Employers’ Annual Reconciliation Declaration (EMP501) is 1 April to 31 May 2024. Importantly, these reconciliation declarations (EMP501) must include the latest and most accurate...
Important dates
Sars E-filing gives you a month by month on all the important dates when it comes to tax and vat submissions. Visit the website below to see the important dates you might need. www.sars.gov.za/important-dates
Quarterly tax updates
Services - Thought Leadership The only certain thing about South Africa's taxes is constant change, and that is by way the Minister of Finance's annual Budget Speech, legislative amendments, regulations, tax cases, interpretation notes and rulings. It is important for...
Budget 2024 – all you need to know for the Tax Year
Finance Minister, Enoch Godongwana, delivered the South African National Budget Speech for the 2024/2025 tax year on Wednesday, 21 February 2024 This year's much anticipated annual Budget Speech was a mixed bag and as expected, South Africans will need to continue...