What is EMP501?
The employer reconciliation submitted twice a year that matches EMP201 declarations, payments and employees' IRP5/IT3(a) certificates.
The EMP501 proves that what you declared each month, what you paid and what appears on your employees' tax certificates all agree. The interim reconciliation covers March to August; the annual one covers the full tax year from March to February.
SARS publishes the filing windows each year; for the 2027 tax year the annual window is planned for 1 April to 31 May 2027. A late EMP501 attracts a penalty of 1% of annual PAYE for each month late, up to 10%.
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EMP501 reconciliation