Page 20 - Additional Notes on Employees Tax

Employer Duties

 Representative employers will personally liable for

deduction of employee taxes from employees

 NB: Companies and CC’s – every shareholder/ member

is personally responsible for employee tax etc.

 Admin

 Employer don’t need to hand in copies of IRP5 when yearly

employees taxes reconciliation is handed in at SARS

 Yearly IRP’5: Within 60 days after year of assessment

employers must supply Commissioner with EMP 501 and

employee’s with IRP5

 Fine of 10% of total yearly employee taxes if employer does

not hand in employee tax recon on time

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