Bi-Annual Tax Year-End Submissions
South African employers are required to complete two PAYE reconciliations each tax year with SARS. These submissions ensure that employee tax information is accurately reported.
Interim Reconciliation
The first submission covers 1 March to 31 August and forms part of the bi-annual PAYE reconciliation process.
Annual Reconciliation
The second submission covers the full tax year, from 1 March to the end of February. This is the final reconciliation for the tax year and includes employees’ IRP5/IT3(a) information.
What Employees Need to Check
Employees should ensure that their personal and tax information is correct, including:
- Their full name and ID/passport number.
- Their SARS income tax reference number is mandatory.
- Their banking details registered with SARS.
- Their IRP5/IT3(a) certificate once it is available.
- That the income and PAYE reflected on their tax certificate are correct.
- That all employers and sources of income for the relevant tax year are reflected.
Employees are responsible for reviewing their tax information and submitting their individual income tax return to SARS when required. They should also respond to any SARS verification or documentation requests within the specified period.
Keeping personal and tax information up to date helps prevent delays, incorrect assessments and potential compliance issues.
