CF System Update
The Compensation Fund has begun the process of modernising and consolidating their systems. As a result, the CF-Filing system has been offline as of 28 August.
2019
Requesting Income Tax Numbers from Job Seekers
Use e@syFile to obtain employee income tax numbers when completing bi-annual filing.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
Override Payslip End Dates in Bulk
You can now change payslip dates in bulk.
Issues and Other Matters Arising From New eFiling
Please take note of the following issues and other matters regarding SARS eFiling.
Small Changes Can Make a Big Difference
Small changes can make a big difference, so we have added a new leave report and made some tweaks to entitlement policies.
Tax Return Submissions Are Open
You can now inform your employees that they file their tax returns via eFiling and the MobiApp
Bulk Actions for Once-off Payslips
We are happy to announce that we have increased our bulk actions functionality to include bulk actions for once-off payslips.
2019 Employer Annual Reconciliation Filing Season
The 2019 Employer Annual Reconciliation filing season will soon be open. You have until 31 May to submit your EMP501s to SARS.
Change in Tax Rules for Bargaining Council Funds
As of 1/3/2019, all employer contributions to Bargaining Council funds should be treated as taxable fringe benefits.