All employers must complete and submit reconciliations of all payroll deductions with SARS on a bi-annual basis.

Employers are required not only to reconcile IRP5 details with actual payments made to SARS, each year at the end of May and September, but are also obliged to prepare actual IRP 5’s or IT 3’s for all employees for both periods.

These reconciliations need to be submitted via the SARS E@syfile system.

In order to avoid possible penalties and interest, the IRP 5’s and recons must be completed accurately and timeously.

We can assist you with this and therefore minimise any possible penalties and interest