The 'Employer Annual Reconciliation Period' ends at the end of May.
The SA Revenue Service (SARS) has reminded employers to submit payroll information as time is running out for them to submit their payroll information, which is due by the end of the month.
“Known as the ‘Employer Annual Reconciliation Period’, this filing and payment window for employers will form part of a single, seamless filing season 2020 during which qualifying employees, other individual taxpayers and trusts will be able to file income tax returns, if required, later in the year,” SARS said in a statement
“It shows what amount of tax the employer has paid to SARS on behalf of the employee. It also records other allowances that an employer pays to an employee as part of their remuneration benefits.”
For more detail on the PAYE process and the tax relief measures, employers can visit the PAYE page on the SARS website.
The revenue service also said it had raised R711,000 in the first month of an initiative by its employees to collect money in support of those in need due to the impact of the Covid-19 pandemic which will be handed over to the Solidarity Fund on behalf of its employees.
