SARS Filing Season 2020 – Employer Filing deadline is 31 May 2020. Phase 1 requires employers to submit their annual employer reconciliations (EMP501s) to SARS by this coming Friday.
At a news conference on 5, May 2020 SARS Commissioner Edward Kieswetter emphasized a renewed focus on compliance by employers.
We expect all employers to fully comply because this ensures a much lower burden of compliance for their employees in respect of their filing obligations.
Employers are legally appointed agents on behalf of SARS. We remind employers that it is a criminal offence to collect income tax from their employees, and not pay this over to SARS.”
We also appeal to employers, along with other providers of third-party information to fulfill this requirement by the end of May 2020.
The Commissioner also pointed out that SARS will rely on third-party information that would allow them to use data modelling and artificial intelligence to perform the final assessment on a majority of individual taxpayers.
Phase 2 will last from 1 June to 31 August with an emphasis on data hygiene checks and the final Phase 3 from 1 September to 31 January 2021. This will be an effective filing period for individual taxpayers.
Individuals who are non-provisional taxpayers or have not accepted the outcome of an auto-assessment are required to file as from 1 September through to 16 November 2020 and encouraged to file using our on-line channels to minimize visits to our offices.
Individuals who are non-provisional taxpayers, who make use of our Branch facility has until 22 October 2020 to file.
Provisional Taxpayers who have not accepted the outcome of an auto-assessment are required to file when they are ready but not later than 31 January 2021.SARS Media Release Filing Season 2020
If you require any assistance in meeting these filing deadlines Contact Onestop Accounting for an obligation-free consultation.