February
Important dates/deadlines
- 21 February 2024: Budget Speech for 2024/2025 tax year
- 29 February 2024: End of tax year 2023/2024
Task to complete
- Print the IRP5/IT3a Validation report to identify possible error or outstanding information
- Reconcile your payroll values (EMP501 History Report) with your monthly EMP201 declarations and payment for PAYE, SDL, UIF and ETI
- Complete your final payroll for 2023/2024 tax year
- Create a Tax Year-end Copy System of your final February payroll, before starting your March payroll - this copy system will be used to generate your tax certificates and submission files
March
Important dates/deadlines
- 1 March 2024: Start of 2024/2025 tax year
- 7 March 2024: Deadline to submit your EMP201 for February 2024 (Thursday)
- 7 March 2024: Release 6.2a available, including the 2024/2025 tax table changes (Thursday)
- 21 March 2024: Public holiday - Human Rights Day (Thursday)
- 29 March 2024: Public holiday - Good Friday (Friday)
Task to complete
- Update your live payroll to Release 6.2a (available from 7 March 2024). This is a mandatory update for all users.
- Attend the 2024 Annual Payroll Tax Update webinar presented by Rob Cooper (click here to book your seat)
- Review all payroll records and print the IRP5/IT3a Validation report to identify possible errors or outstanding information
- Reconcile your payroll values (EMP501 History Report) in you Tax Year-end Copy System (if not done previously) with your monthly EMP201 declarations and payment for PAYE, SDL, UIF and ETI
April
Important dates/deadlines
- 1 April 2024: Submission opens for Workman's Compensation Return of Earnings (W.As.8) *
- 1 April 2024: Employer Annual Reconciliation submission opens *
- 1 April 2024: Public holiday - Family Day (Monday)
- 7 April 2024: Submit your EMP201 for March 2024 (Sunday)
- 27 April 2024: Public holiday - Freedom Day (Saturday)
- 30 April 2024: Deadline for Workplace Skills Plan / Actual Training Reports (Skills Reports) to your SETA (Tuesday) - verify specific submission dates with your SETA
* As published by the Department of Employment and Labour
** As per SARS Notice on SARS website
Task to complete
- Review all payroll records and print the IRP5/IT3a Validation report to identify possible errors or outstanding information
- Reconcile your payroll values with your monthly EMP201 declarations and payment for PAYE, SDL, UIF and ETI
- Submit Employer Annual Reconciliation (EMP501 and tax certificates) to SARS through SARS e@syFile once filing season opens for employers
May
Important dates/deadlines
- 1 May 2024: Public holiday - Workers' Day (Wednesday)
- 7 May 2024: Submit your EMP201 for April 2023 (Tuesday)
- 29 May 2024: Public holiday - Voting Day (Wednesday)
- 31 May 2024: Deadline for submission of Annual Employer Reconciliation (Friday)
Task to complete
- If you still have not completed the preparation for submission:
- Review all payroll records and print the IRP5/IT3a Validation report to identify possible errors or outstanding information
- Reconcile your payroll values with your monthly EMP201 declarations and payment for PAYE, SDL, UIF and ETI
- Submit Employer Annual Reconciliation (EMP501 and tax certificates) to SARS through SARS e@syFile before Friday 31 May 2024 *
* Avoid the rush and long queues for assistance by submitting as soon as possible.
June
Important dates/deadlines
- 7 June 2024: Submit your EMP201 for June 2023 (Friday)
- 16 June 2024: Public holiday - Youth Day (Sunday)
- 17 June 2024: Public holiday - Monday following Youth Day (Monday)
- 30 June 2024: Deadline for submission of 2023 Return of Earnings to Workman's Compensation (Sunday)
Task to complete
- Submit the 2023 Return of Earnings (for the 2023/2024 tax year) to Workman's Compensation on the Compensation Fund portal before 30 June 2024
- The OID report must be generated from your February 2024 payroll on Release 6.2a