18 Jun Release 19 June 2019 – PAYE SARS recon file

PAYE SARS Reconciliation File

The first phase of implementing the functionality to generate a SARS PAYE recon file for employers has been added to this release. (See link)

SARS BRS Codes included in the first phase are the following:

• 3601 – Income – Taxable
• 4102 – Pay-As-You-Earn (PAYE)

SARS BRS Codes NOT IN THIS RELEASE

• 3915 – Retirement Fund Lump Sum Benefit On/After 1 October 2007
• 3920 – Retirement Fund Lump Sum Withdrawal Benefit
• 4115 – Tax on Retirement Fund Lump Sum Benefit (Retirement/Death)

More changes including:

• Add option to Contribution certificate Notification Message to attach statement or not. See link
• Make identification expiry date applicable to all identification types
• Refine and expand needs analysis functionality to provide more options. See link
• Add Rates and Assumptions to Tax tables and include in the Financial Needs Analysis Balance sheet. See link
• Add functionality to capture Maturity Date and – Price on a bond and display it on an investor statement
• Update column names and examples on Import Historical Transactions
• Add a column to import/export Investor accounts to indicate if investor must be added to CRS report
• Change rounding to 4 decimals on Policy Document
• Retain calculated fee percentages on instruction if the instruction has been submitted before initial fees are changed on investor account
• Change payment reference number to include supplier account number (payment to dealer) or account number (payment to client)
• Add functionality to instrument Import (ETF, Unitised & Money Market) to be able to remove overrides on fees from the instrument. See link
• Add option to System->Statement Defaults to be able to select the display of Profit/Loss or Market Movement on statements

Refer to your online Pivotal Tracker Project for a full list of changes and enhancements for the release.

Last Updated on 7 years ago by Tinus Burger