September Interim Tax Reconciliation Season 2023

Goodbye August – this means it’s time for filing the Interim tax reconciliation.

The Employer Interim Declaration (EMP501) submission opens mid-September, and must be made by 31 October. Employers must reconcile their Monthly Employer Declarations (EMP 201) for the first 6 months of the reconciliation year (1 March to 31 August).

Useful information to check to prepare your submissions for this half-year reconciliation season:

  • employee address (postal and residential)
  •  Employee bank account details
  • Employee Income Tax Number
  • Valid employee Identity number
  • Payroll figures for PAYE, UIF and SDL actually paid
  • Register your company on E@syFile , if you have not done so. (Download from the SARS website).

Please note: tax certificates are not issued at this time (only at financial year end, or when an employee leaves the company).

If the thought of another employee tax filing experience leaves you weak at the knees, consider signing up with Paymaster Payroll Solutions. We will reconcile all the tax information monthly, leaving you to focus on your core business functions. You will wonder why you waited so long to do this! Contact our help desk at help@paymaster.co.za for a quote.

SARS will again provide employers with an opportunity to test the updated e@syFile™ Employer build before the formal release opening on 18 September 2023 for the Employer Interim Reconciliation.

See the Business Requirements Specification here – SARS_PAYE_BRS – PAYE Employer Reconciliation_V22.1.1 for the Employer Interim Reconciliation submission period 202308.

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