Opaido · Wiki · Topic
Submissions
SARS and statutory filings - EMP201, EMP501, IRP5, UIF declarations and more.
Return of Earnings (ROE) The Return of Earnings is the annual submission employers make under COIDA, declaring total employee earnings so the Compensation Fund can calculate the OID assessment.EMP201 The EMP201 is the monthly declaration South African employers submit to SARS, reporting PAYE, UIF and SDL withheld from employees that month.EMP501 The EMP501 is the bi-annual employer reconciliation declaration that reconciles a year's EMP201 filings, payments and IRP5/IT3(a) certificates with SARS.EMP501 reconciliation The EMP501 reconciliation is the half-yearly and annual process of reconciling an employer's EMP201 declarations to the IRP5 and IT3(a) certificates it issues.IRP5 / IT3(a) An IRP5 (or IT3(a)) is the annual tax certificate an employer issues to each employee, summarising income earned and tax withheld for the tax year.IRP5 source codes IRP5 source codes are the numeric codes that classify each earning, deduction and benefit on an IRP5 or IT3(a) certificate, such as 3601 for normal income.IT3(a) certificate An IT3(a) is the tax certificate issued where remuneration was paid but no PAYE was deducted - the non-taxable counterpart of an IRP5.SARS submission A SARS submission is any return an employer files with SARS - the monthly EMP201, the EMP501 reconciliation and the IRP5 certificates that go with it.Special Economic Zone (ETI) A Special Economic Zone (SEZ) is a designated area where the Employment Tax Incentive applies on relaxed terms, notably without the usual age limits.SIC code (Standard Industrial Classification) A SIC code is the Standard Industrial Classification code identifying an employer's industry; it gates ETI eligibility and appears in EMP501 reporting. The SIC7 revision is a distinct code set.UIF declaration The UIF declaration is the monthly submission employers make to the Department of Employment and Labour, reporting employee UIF contributions via U-Filing or the SARS EMP201 channel.
