Bi-Annual EMP501 Submission: What Employers Need to Know

If you’re an employer in South Africa, staying compliant with SARS means submitting your EMP501 reconciliation twice a year. This process ensures that the PAYE, UIF, and SDL you’ve deducted from employees’ salaries matches what you’ve declared and paid over to SARS.

What Is the EMP501?

The EMP501 is a reconciliation that compares:

• All monthly EMP201 submissions,
• Payments made to SARS, and
• Employee tax certificates (IRP5/IT3a).

This reconciliation is vital to confirm that everything balances correctly.

When Must It Be Submitted?

• Interim submission: For the first six months (1 March – 31 August), due by 31 October.
• Final submission: For the full year (1 March – end February), due by 31 May of the following year.

Why It Matters

Submitting on time ensures:

• Employees receive correct tax certificates (IRP5/IT3a),
• SARS can pre-populate accurate information for employees’ tax returns,
• Avoiding penalties and interest for late or incorrect submissions.

Final Tip

Check all payroll records carefully before submitting, and ensure your EMP201 and EMP501 figures reconcile. Contact PRNC for assistance with seamless EMP501 submissions and payroll compliance.