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[FAQ] EMP501 Reconciliations
- 12 June 2020
- Practical Payroll
- The Payroll Authors Group of South Africa
Background
The taxpayer works as a tax practitioner at a company where they submit between 150 to 200 EMP501 reconciliations on behalf of employers. As a result of Covid-19 and the lockdown period, they were unable to work in April and as a result, have limited time available to complete and submit the reconciliations.
Question
Is it possible to ask for extension to submit the EMP501 reconciliations as a result of Covid-19? Is there a contact person or email whereby we can lodge an extension request?
Answer
SARS does not have a process of extensions for EMP501 reconciliations. However, they have confirmed that they only started the admin penalty process on outstanding EMP501 at the end of June. Therefore, I suggest that you submit your EMP501 reconciliation on or before the end of June 2020.
Webinar Commentary
Further webinar commentary on annual statutory requirements related to the payroll environment can also be accessed here.