Today is the last day for employers to reconcile and submit their PAYE information for the period 01 March 2011 to 29 February 2012. The Employer’s Tax Season, which opened on 01 April 2012, will close today 31 May 2012. Employers who fail to submit before the end of today or submit inaccurate information or reconciliations that do not balance, will be charged a penalty by SARS for non-compliance.
If you still need to finalise your PAYE Reconciliation before the end of today, make sure that you:
1. Download and install SARS e@syFile Version 6.0.2 from http://www.sarsefiling.co.za.
2. Export the electronic employee tax certificates from your payroll software.
3. Import the electronic employee tax certificates into SARS e@syFile Version 6.0.2.
4. Reconcile your EMP501