A PAYE recon, also known as the EMP501, is the process where the monthly PAYE is reconciled. The PAYE for every employee is reconciled to ensure that all the employee tax that were deducted from employees were paid over to SARS.

Interim reconciliation

This is the first PAYE recon that has to be done. The deadline is 31 October, and covers the first 6 months of the financial year, March to August.

Final reconciliation

This is the PAYE that covers the second 6 months of the financial year, August to February. This is also the recon where the IRP5’s and IT3’s are issued. These certificates then have to be handed to all eployees. The deadline 31 May.

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