The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Payroll
SARS has released e@syFile Employer version 8.0.2_418 with an updated EMP501 form. Employers and payroll administrators should confirm their software version and validate payroll data before submitting reconciliations.
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SARS has expanded its Global Minimum Tax administration to cover information exchange, GMT03 declarations, payment processing, assessments and penalties. South African entities within affected multinational groups should confirm their local responsibilities and internal controls.
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South Africa’s Companies Amendment Act changes remuneration reporting and annual financial statement obligations. Finance teams should confirm which disclosures and AGM processes apply to their company.
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SARS’s 2026 Employer Interim Reconciliation period runs until 31 October. Employers should now reconcile payroll data, employee tax numbers and PAYE, UIF and SDL amounts before submitting their EMP501.
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