M. Target would like to remind that the electronic submission of Employers’ Return and employees’ details for the total payroll of the year 2021 (IR7 form) is due latest by 31 May 2022.
The IR7 form entitled “Employer’s Return of Employees” is a summary statement of employees’ data, statement of P.A.Y.E. lodgements for the previous year of assessment and a summary of all employees’ emoluments, tax and other deductions. This return should be filed by the employer annually, via the TAXISNET system.
Please refer to the updated Tax Calendar for the year 2022 in order not to miss any important tax due dates and deadlines.
As always, M. Target specialists remain at your disposal should you require any further information, clarification or professional assistance.