HomeHome SearchSearch MenuMenu Our productsOur products

Make sure you know these 5 MUST-HAVES when it comes to tax certificates

by , 06 November 2015
You MUST issue tax certificates to your employees! And they need to be correct.

An employee's tax certificate is proof he earned a certain remuneration, and he paid the required tax to the South African Revenue Service (SARS).

Getting these certificates wrong could lead to administrative penalties and a possible audit of your business.

As you can already see, tax certificates are very important. And having said that, here are 5 things you must know when it comes to tax certificates. So ensure you do the following:


Save your business from penalties by being an instant audit expert!
With penalties as high as 200%, you can't afford to stay in the dark about the auditing process. You need to know your rights, your responsibilities and obligations, and you need to know them before it's too late…
Click here to find out your rights
1.     If you pay any form of remuneration to an employee, you must give him an appropriate tax certificate.
2.     The certificate must be in a format SARS prescribes by SARS. You can use E@syFile software that SARS provides free of charge. Or, if you have 20 or fewer employees, you can use eFiling.
3.     The tax certificate must show the total remuneration. It must be broken down by the type of remuneration paid. This would include things like basic salary, overtime, etc.
4.     Any tax which is deducted from an employee's salary must be shown on the tax certificate.
5.     The tax certificate needs to be given to the employee within a specific period of time.
Remember you must declare all taxable benefits, your employees receive, on their tax certificates. This includes medical aid benefits, company car allowances and so on.

Every South African tax law explained by our experts

The Practical Tax Loose Leaf Service offers you:

·        All the definitions and legal regulations, useful advice, exceptions to the rules that help you slip through the legislative jungle of taxes.
·        Case studies and practical examples that show you what elements you should consider for your taxes to be perfect.
·        Red flags you need to watch out for and the penalties you'll face if you don't respect them.
·        Sample templates at your disposal, ready to be filled in, customised and printed.
Click here for more details

Vote article

Make sure you know these 5 MUST-HAVES when it comes to tax certificates
Note: 5 of 1 vote

Related articles

Related articles

Related Products