- EMP501 Reconciliation
Are you ready to Submit Your Interim EMP501 Reconciliation By 31 October?
EMP501 Reconciliation fast facts
- All employers are required to submit an EMP501 Reconciliation
- There are two deadlines in each tax year. For the 2025 tax year (current tax year) the deadlines are:
- 31 October 2024 – Interim Reconciliation (for the period 1 March 2024 – 31 August 2024)
- 31 May 2025 – Annual Reconciliation (for the period 1 September 2024 – 28 February 2025)
The EMP501 Reconciliation is an intricate process with many possibilities for inaccuracies and errors:
- Payroll information must be verified
- Correct deduction of employees’ tax (PAYE), Skills Development Levy (SDL), and Unemployment Insurance Fund (UIF) contributions must be verified
- Deductions must reconcile with IRP5 / IT3(a) tax certificates
- This is serious business. Inaccuracies or late submission can result in stiff penalties.
Important
We understand the importance of tax compliance to your business. And we have the expertise and experience to help ensure a smooth and stress-free submission for you.
Please give us a call so that we can help you to be compliant and grow your business.