Tax Practice Weekly Update – Issue 20 (29/05/2024)

Looming deadline for employer reconciliations and third party data reporting

Employers and other third-party data providers are reminded of the deadline of 31 May 2024 for the submission of 2024/02 annual employer EMP501 reconciliations and third-party data. This data is used by SARS to pre-populate taxpayers’ income tax returns.