PAYE Monthly submission external Business Requirements Specification was published

(Media Release: Issued and provided by the South African Revenue Service)

A part of the Modernisation journey that SARS has embarked on, is to replace the current employees’ tax, provisional tax and assessment filing seasons for employers and non-business individuals with a modern, fully automated tax assessment, withholding and paying to SARS of tax due system.

This will be underpinned by a taxpayer account that reflects taxable events and 3rd party data in real time (or close to real-time), in a manner that allows SARS to transition all their value chain activities (like verification & disputes) to real-time.

The planned solution will resemble a framework where employees’ tax, provisional tax as well as assessment processes for employers and non-business individuals is a fully automated tax assessment with underlying data being acquired more frequently. Withholding and payment processes to SARS of tax due, primarily through “own device”, will take place using progressive, integrated, real-time, interactive Individual Taxpayer Accounts.

The PAYE Monthly Submission External Business Requirments Specification (BRS) defines the requirements Employers must adhere to for the monthly submissions. See the full BRS here.