SARS has issued an alert reminding employers in South Africa of looming tax deadlines – and what awaits those who miss them.
The South African Revenue Service has issued an alert reminding employers that the Employer Annual Reconciliation period is currently open and will close at the end of May 2024.
“ to make tax non-compliance hard and costly through, where necessary, hard enforcement—for example, court action, asset seizure, and criminal prosecution,” it said. Fail to deduct or withhold PAYE or UIF, or not to pay any PAYE or UIF deducted or withheld over to SARS as required by law.“Any person found guilty of one of these offences is liable, on conviction, to a fine or imprisonment for up to two years,” SARS said.In addition to employer reconciliation, the annual third-party data submission season will also be closing on 31 May.
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