Employers set record for 2011 tax season

2011-06-09 14:58

A record number of employers have filed their annual reconciliation declarations this year, the South African Revenue Services (Sars) said today.

“A total of 235 882 employers have filed their reconciliations for the 2011 tax season compared with 212 969 employers that filed at the same time last year,” said Sars spokesman Adrian Lackay.

The tax season for employers ended on June 3.

Sars also urged employers who had not yet filed their returns to do so as penalties are applied for late submission.

An administrative penalty equal to 10% on the total pay-as-you-earn tax paid for the period of non-compliance could be imposed on the employer.

However, there would be a provision for an employer to apply for the remission of the penalty, Lackay said.

“In cases where employers can show that they have made every effort to meet their obligations, Sars will be sympathetic in considering such applications for remission of penalties.

“The principle that Sars will follow is that the more complete the employer’s submission, the higher the proportion of the penalty likely to be remitted (on application) will be.”

Lackay reminded employers that the non-submission of reconciliations had a direct impact on the ability of their employees to file their individual income tax returns.

“Where employers do not submit their reconciliation declarations, employees will not be issued with IRP5 certificates and will not be able to submit an income tax return,” he said.

The tax season for individuals, who make use of the eFiling, would run from July 1 to November 25.

Taxpayers who still submit a manual/paper income tax return via post or via a drop box at a Sars branch must meet a September 30 deadline.

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