Wednesday (31 May) marks the submission deadline for employers.
The South African Revenue Service has urged all employers to comply with their legal obligations regarding the annual Employers Filing Season to avoid penalties, interest and/or criminal charges.According to the revenue service, employers are required to submit their Employer Annual Reconciliation Declarations to SARS, as well as outstanding monthly declarations and previous years’ annual reconciliations .
“The correct data is important so that SARS may pre-populate income tax returns and auto-assess the identified taxpayers correctly.” “These are important requirements that enable SARS to offer a streamlined and seamless service to taxpayers in line with our objective to make it easy and simple for taxpayers to comply with their obligations.”
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