PAYROLL SERVICES

 This includes various processes that all relate to remuneration: the collection of specific employee data, the calculation of wages, and the deduction of PAYE tax with special regard to any tax-deductible payment employees have, for example, medical aid contributions. 

 An employer must by the 7th day of each month inform the Commissioner with all the information during the previous month regarding the employer's contact details or employees’ remuneration details including new appointments and termination of service. 

 The EMP201 is a monthly payment declaration in which the employer declares the total payment together with the allocations for PAYE, SDL and UIF.

 An employer must issue an employee with an IRP5/IT3(a) where remuneration is paid or has become payable. The IRP5/IT3(a) discloses the total employment remuneration earned for the year of assessment and the total amount of employees’ tax deducted or withheld. 

 The EMP501 serves as a reconciliation done by the employer. This reconciliation is between the EMP201 (monthly) returns and the information that SARS has in terms of payments. 

 Have you submitted your Return of Earnings (ROE)? To be in good standing, you are required to submit the Return of Earnings before the set deadline.  A Letter of Good Standing will be issued on receipt of the full payment and can be verified online using the unique Certificate Number.