EMP501 Returns and IRP5’s
An EMP501 is the report of all your staff earnings, required by SARS which includes a reconciliation of your monthly EMP201 submissions and your monthly payroll payments. SARS needs to know the earnings, taxes, UIF, benefits, and deductions made to staff for each tax year. It needs to be submitted twice a year and must be submitted before you can issue IRP5 certificates to your staff.
An IRP5 is the employee's tax certificate that is issued to him/her at the end of each tax year detailing all employer/employee-related incomes, deductions, and related taxes. It is used by the employee specifically to complete his/her income tax return for a specific year. We will prepare all your statutory EMP501 and IRP5 requirements to ensure accurate figures are submitted to SARS.
