Employer Annual Reconciliation Period
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The South African Revenue Service (SARS) has asked employers to submit payroll information on or before the deadline of Sunday, 31 May 2020.
Employers who comply fully, in turn, make it easier for their own employees to fulfil their individual tax obligation, the revenue collector said.
“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.
Employers who comply fully, in turn, make it easier for their own employees to fulfil their individual tax obligation, the revenue collector said.
“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.
