17 January 2020
The deadline for submitting payroll reports to SARS is looming. Your employer should have sent you your IRP5. Employers had until the end of May to submit IRP5s to SARS and send their employees a copy.
What is so important about an IRP5?
The IRP5 is the most important tax document for employees.
This certificate details your total remuneration – including income, allowances and benefits – as well as tax credits, deductions and PAYE for the 2023 tax year (i.e. 1 March 2022 to 28 February 2023). It’s the foundation for completing your tax return.
What’s next?
Once you have your IRP5, all you have to do is wait for filing season to open before you can submit your tax return.
Create a SARS eFiling profile: You'll need a SARS eFiling profile to use a consultant. If you haven't set one up yet, now's the perfect time, contact WJ Mitchell for details.