EMP501 Bi-Annual Reconciliation
Reconcile EMP201 declarations, payments and IRP5 certificates.
Two submissions per year
The interim reconciliation covers March to August and is due in October. The annual reconciliation covers the full March to February tax year and is due in May.
The three-way match
EMP501 requires that declared liabilities (EMP201), actual payments and employee tax certificates (IRP5/IT3(a)) all agree. The reconciliation report shows any difference per month.
Common causes of differences
- A payment allocated to the wrong period
- An adjustment processed after the EMP201 was filed
- ETI claimed on EMP201 but not supported by employee records
- Employees missing a tax number
Submitting
Export the CSV tax certificate file and import it into SARS e@syFile, then complete the reconciliation and submit.