Dos & Don’ts When Completing and Submitting Remittances

 

 

ü  Do ensure that the monthly remittance forms are fully completed

ü  Do ensure that the forms are signed

ü  Do ensure that the payments are made on time to avoid the imposition of penalty and                                                                                  interest

ü  Do ensure that when the payment is late the cheque reflect the tax due, as well as the penalty                           and interest.

ü  Do review your receipt to ensure that the amount paid was credited to the correct period

ü  Do send a breakdown when making payments for outstanding periods

ü  Do ensure that payments being mailed are sent in advance of the due date for timely receipt.

ü  Do inform us if the tax is no longer applicable to you

ü  Do ensure that ALL employees furnish a tax code and tax account number.

ü  Do ensure that the Department’s TD5 copy is legible.

ü  Do submit ALL Annual remittances i.e. PAYE, Withholding tax 25% or 15% and                                                                             Contract Tax

ü  Do submit one remittance for each month.  Should more than one payment be made, please                                        request an account statement.

ü  Do include the employee’s tax account number along with their name when making arrear                                                     payments on behalf of the employee.

 

 

 

 

û  Don’t use white-out on the Remittance forms

û  Don’t change the month on the remittance forms

û  Don’t change the company name on the forms

û  Don’t photocopy the Remittance forms

û  Don’t fax in the Remittance Forms

û  Don’t submit two remittances for any one month for the same tax type

û  Don’t accept tax codes or tax account numbers from employees if it does not bear the                                                Department’s stamp.