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To avoid a SARS audit, make sure you give your employees one of these

by , 27 October 2014
It's your obligation to give your employees tax certificates so they can complete their tax returns and submit to SARS.

If you fail to do this, your employees can report you to SARS and it will charge you penalties for not complying.

To avoid this, you must give your employees the right certificate at the right time.

Read on to discover what they are...

 

 These are the two types of tax certificates you must give your employees

 
These tax certificates are the IRP5 and the IT3(a). 
 
The IRP5 and IT3(a) certificates are one form. You can either issue an IRP5 certificate or an IT3(a) certificate depending on what you fill in on the form.
 
You decide which one to issue to your employee.
 
You'll determine this by looking at the type of employee or type of remuneration he receives. If you deduct employees' tax then issue an IRP5. If you don't, then issue an IT3(a).
 
It's that simple.
 
But you must make sure you give your employees their certificates on time.
 
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Here's when you need to give your employees their tax certificates

 
Regardless of which tax certificate is due, you must give your permanent employees their certificates 60 days after the end of the previous tax year in February.
 
Check out this article to find out the other two tax certificate deadlines you must meet. 
 
Ensure you give your employees the right certificate at the right time to avoid penalties from SARS.
 
Check out the Practical Tax Loose Leaf Service for more about your tax responsibilities as an employer. 
 


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