Get ready to hit submit on EMP501 submissions
Important to remember
SARS Submissions
Employers are required, twice a year, to reconcile their IRP5 / IT3(a) tax certificates; the EMP201/EMP501 statements; and the actual payments made to SARS, by using the e@syFile software provided by SARS. The February EMP501 reconciliation will reconcile the values for the entire tax year of 1 March 2023 – 29 February 2024 and will generate tax certificates for all employees on eFiling.
e@syFile Software
The latest SARS e@syFile Employer version must be used to submit your EMP501 submission. Please visit their website to download the latest version and release notes: Click Here
Please note that the Payspace csv file is only compatible with e@syFile and not eFiling.
Submission Period
The Annual EMP501 Reconciliation Submission period is from 1 April 2024 - 31 May 2024.
How PaySpace can help
We offer three options to help you meet submission requirements and simplify the process.
OPTION 1
Let us assist you
Don’t feel comfortable doing it yourself? Let us set up a remote consultation with a PaySpace consultant to walk you through the entire process.
A time and material fee of R1,240.00 (excl. VAT) per hour will apply.
OPTION 2
Let us educate you
Attend our Tax Workshop
Attend this virtual facilitator-led session where one of our PaySpace experts will take you through all the steps in detail right up to the point you click ‘Submit’. Click below for more detail and dates.
OPTION 3
Do-it-yourself
Well-seasoned, feeling confident, and ready to do the submission yourself? Great!
We have this handy submission guide just for you.Â
From the 2020 year of assessment, SARS is performing tax calculations on the IRP5/IT3(a) certificates that have been submitted via e@syFileâ„¢ Employer. This is known as Employment Taxes Validation (ETV).
Values will be recalculated based on the data provided on the IRP5/IT3(a) certificates. Where it is found that a different amount of tax was deducted from the employee, a letter will be issued, accompanied by a file containing a list of the certificates that have failed the SARS Employment Taxes Validation (ETV).
For more information on ETV, please refer to the SARS website.
Helpful information and guides provided by SARS
Click a title below to view.
GUIDE FOR VALIDATION RULES APPLICABLE TO RECONCILIATION DECLARATIONS 2024
Last updated 04-10-2023
GUIDE FOR CODES APPLICABLE TO EMPLOYEES TAX CERTIFICATES 2024
Last updated 03-10-2023
A GUIDE TO THE EMPLOYER RECONCILIATION PROCESS
Last updated 15-10-2023
GUIDE FOR COMPLETION AND SUBMISSION OF EMPLOYEES TAX CERTIFICATES 2024
Last updated 04-10-2023
e@syFileTM EMPLOYER GUIDE
Last updated 10-09-2021
