The South African Revenue Service (SARS) confirmed that the Employer Annual EMP501 Reconciliation submission period for 2024/2025 runs from 1 April 2024 to 31 May 2024.

During this period, employers must submit their annual reconciliation declarations (EMP501) with accurate and up-to-date payroll information about their employees, including monthly employer declarations (EMP201) for PAYE, UIF, and SDL, payments made (excluding penalties and interest), and employee tax certificates (IRP5/IT3(a)s) covering the full tax year from 1 March 2024 to 28 February 2025.

Read more about this topic on the SARS Pay As You Earn webpage.

Visit the the Sage VIP Classic and Premier Year-end Centre on the Sage Community Hub, for all the information and tools you need to complete your declaration submission.

The Year-end Centre includes the following:

• Tax Year-end Timeline (important dates and deadlines)

• Tax Year-end Submission Process (steps to prepare, reconcile and submit your   preparation, reconciliation, submission, and solutions for validation and import errors)

• Who to Contact for Assistance (guidance on the right people to contact for help)

• Tax Year-end Frequently Asked Questions (answers to common questions)

• Return of Earnings (CF-2A) Submissions (submit to the Compensation Fund)