Compliance News
Lesotho Budget Speech 2025
On 19 February 2025, the Minister of Finance and Development Planning of Lesotho delivered the Budget Speech for the 2025/2026 fiscal year. During the speech, the following payroll-related proposals were announced: The minimum income tax threshold ...
Update: South Africa | Budget Speech 2025 Postponed
The Minister of Finance, Mr Enoch Godongwana, has announced that the Budget Speech will be held on 12 March 2025. Further updates will be provided as soon as more information becomes available.
South Africa | Budget Speech 2025 Postponed
National Assembly Speaker, Thoko Didiza, has announced that the 2025 Budget Speech proceedings have been postponed to an unconfirmed date in March. Further updates will be shared once more information becomes available.
South Africa | 2024/2025 Annual Employer Reconciliation Declaration (EMP501) Submission Dates
According to the South African Revenue Service (SARS) website, the 2024/2025 Annual Employer Reconciliation Declaration period opens on 1 April 2025 and closes on 31 May 2025. (See the link below for details.) ...
Botswana | Budget Speech 2025 – Proposed Change to the Highest Personal Income Tax Bracket
The Minister of Finance, Ndaba Nkosinathi Gaolathe, delivered the 2025/2026 National Budget in the National Assembly on 10 February 2025. During the speech, a proposal was made to increase the personal income tax rate for the highest bracket by 1.5%, ...
South Africa | COID Return of Earnings (ROE) Submission for 2024/2025
The Department of Employment and Labour published Government Gazette No. 52069 on 7 February 2025, announcing the following key details regarding the Compensation Fund’s 2024/2025 Return of Earnings (ROE) submission: The submission period will run ...
Madagascar | Finance Law for 2025
The Finance Law for 2025 has introduced the following key amendments to the Tax Code, effective 1 January 2025. Increase in Tax-Deductible Limit for Health Insurance Contributions The tax deduction limit of the employee's contribution to a corporate ...
Equatorial Guinea | New General Tax Law for 2025
Equatorial Guinea has introduced General Tax Law No. 1/2024, officially published in the Official State Gazette (BOE) on 6 December 2024. While the law took effect upon publication, the tax authorities will enforce the new rules from 1 January 2025. ...
Ghana | SSNIT Maximum Insurable Earnings for 2025
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), has revised the maximum insurable earnings for 2025 from GHS 52,000.00 to GHS 61,000.00. This adjustment aligns with ...
South Africa | National Minimum Wage Increases Effective March 2025
On 4 February 2025, the Minister of Employment and Labour published Government Gazette 52053, amending Schedules 1 and 2 of the National Minimum Wage Act (NMWA). These amendments will increase the minimum wage rates effective from 1 March 2025. The ...
South Africa | Decrease in the Official Rate of Interest Effective February 2025
The official rate of interest, used to calculate the fringe benefit for low-interest or interest-free debt, is defined in section 1 of the Income Tax Act as the repurchase (repo) rate plus 100 basis points (1%). A new official rate takes effect from ...
Niger | Finance Law 2025
The Nigerien Finance Law 2025, enacted through Ordinance No. 2024-59 of December 31, 2024, has amended the Apprenticeship Tax regulations. Effective January 1, 2025, Article 129 of the General Tax Code has been amended, to state that the taxable base ...
Senegal | Social Security Ceiling Update
The Senegal Social Security Fund announced Decision No. 502 on 20 December 2024, which was published on 28 January 2025. This decision aimed to increase the monthly salary ceiling used for social security calculations from 63,000 FCFA to 80,000 FCFA, ...
Angola | Finance Law 2025
The Angolan Finance Law for 2025, officially referred to as the General State Budget (OGE) 2025, was enacted through Law No. 18/24. While the Bill initially proposed a change to paragraph 2 of Article 9 of the Employment Income Tax, which pertains to ...
Senegal | Finance Law 2025
The Senegal Finance Law, enacted through Law No. 2025-02, introduces several amendments to the General Tax Code. However, no changes affecting employee taxes were made. As a result, the existing payroll regulations will remain in effect for the 2025 ...
Sierra Leone | Finance Act 2025
Sierra Leone has released the Finance Act 2025, introducing amendments to various Acts with no changes to the Income Tax Act. Therefore, the current payroll regulations will continue to apply for the 2025 tax year.
Republic of Congo | SMIG Increase
In the Republic of Congo, the guaranteed minimum wage (SMIG) is now set to 70,400 CFA francs per month, effective January 1, 2025. This new rate results from a negotiation process that repeals the previous decree from December 21, 2008, which ...
Gabon | Finance Law 2025
Decree No. 0509/PR, of December 30, 2024, has been published in The Official Gabonese Journal, promulgating Law No. 033/2024 which outlines the resources and expenses of the State and tax policy changes for the fiscal year 2025. There will be no ...
Mauritania | Finance Law 2025
The Mauritanian Ministry of Economy and Finance has published the 2025 Finance Law, outlining the government's financial plans for the year. The law, LFI No 2025-001 for 2025, was published on 20 January 2025 and is available in Arabic and French on ...
Kenya | Update to NSSF Rates Effective February 2025
In accordance with Schedule 3 of the NSSF Act No. 45 of 2013, the contribution limits are subject to annual increases. As of February 2025, NSSF will progress to Year 3 of the implementation schedule. Effective February 2025, the NSSF lower limit ...
Kenya | Fringe Benefit Tax and Low Interest Benefit 2025
The Commissioner for Domestic Taxes has issued a new Public Notice regarding Fringe Benefit Tax and Low Interest Benefits. Fringe Benefit Tax For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 13%. This rate shall be ...
Namibia | Amendments to the Employees’ Compensation Act, 1941 (Act No. 30 of 1941)
The Social Security Commission (SSC) has announced an amendment to the Employees’ Compensation Act, as per Government Notice No. 8461, dated 01 October 2024. This change will take effect from 01 March 2025. Employees’ Compensation Fund (ECF): The ...
Namibia | Amendments to Social Security Act, 1994 (act no. 34 of 1994)
The Social Security Commission (SSC) announced amendments to the Employment Compensation Act and Social Security Act, as per Government Notice No. 8461 dated 01 October 2024, effective 01 March 2025. Key amendments to Maternity Leave, Sick Leave and ...
Republic of Congo | Finance Law 2025
The Ministry of Economy and Finance of the Republic of Congo has released Law No. 47-2024 of December 30, 2024, pertaining to the Finance Law of 2025. Article 8 of the Finance Law for 2025 modifies paragraph 1 which concerns the distribution of the ...
Chad | Finance Law 2025 – Changes to Tax Exemptions in Article 3 of the General Tax Code
The Ministry of Finance and Budget has introduced key updates to Article 3 of the General Tax Code, effective 1 January 2025, impacting tax exemptions on certain salaries. These changes will affect payroll calculations for the 2025 tax year. Key ...
Benin | Finance Law 2025
On December 12, 2024, Patrice Talon, the President of the Republic of Benin, enacted Law No. 2024-34 concerning the Finance Act for 2025. There will be no changes to the payroll regulations for the 2025 tax year; therefore, the existing rules will ...
Burkina Faso | Finance Law 2025
On December 30, 2024, Captain Ibrahim Traore, the President of Burkina Faso, signed Decree No. 2024-1656/PRES which promulgates Law No. 042-2024/ALT of December 23, 2024. This law pertains to the Finance Act for the implementation of the state budget ...
Eswatini | Increase in ENPF Maximum Wage Limit Effective 1 January 2025
According to Legal Notice No. 5 of 2025, the contributions to the Eswatini National Provident Fund (ENPF) will be based on a higher maximum wage limit each year for the next five years, starting 1 January 2025. Therefore, effective 1 January 2025 - ...
Ivory Coast | Finance Law 2025
President Alassane Dramane Ouattara of the Republic of Ivory Coast signed Finance Law No. 2024-1109 of December 18, 2024. This law outlines the government's financial plans for the current year, including budget allocations, tax policies, and public ...
Guinea Conakry | Finance Law 2025
Guinea Conakry has published the Finance Law for 2025, Law No. L/2024/023/CNT. A decree broadcast on national television on 3 January 2025 confirmed that President Mamadi Doumbouya officially signed the law on 31 December 2024. The law sets out the ...
Togo | Finance Law 2025: Tax Code Amendments Effective 1 January 2025
On 27 December 2024, the Togolese parliament adopted the 2025 Finance Law, which includes changes to Article 28 of the General Tax Code. These changes will affect payroll in Togo for the 2025 tax year. The key amendment to the General Tax Code is the ...
South Africa | Reminder: Employment Equity Amendments Effective 1 January 2025
The amendments to the Employment Equity Act (EEA) will take effect from 1 January 2025. Employers are reminded to take the following actions to ensure compliance with the key amendments: Review Employee Disability Status for EE Purposes Update your ...
Niger | Draft Ordinance for the Approval of the Finance Law for 2025
Niger's Ministry of Finance announced that the Council of Ministers adopted the draft ordinance for the approval of the Finance Law for the 2025 Budget Year on 31 December 2024. The ordinance and finance law must still be finalised and approved ...
Zambia | NAPSA Contribution Ceiling Increase Effective January 2025
The National Pension Scheme Authority (NAPSA) conducts an annual review of the contribution ceiling and pension payments, aligning these with changes in the National Average Earnings (NAE), as required by Section 35 of the National Pension Scheme Act ...
Botswana | Extension of filing due dates for Annual Individual Income Tax (IIT) Returns
The Botswana Unified Revenue Service (BURS) wishes to inform the public that the deadline for submitting Annual Individual Income Tax Returns for the 2024 Tax Year has been extended from 31 December 2024 to 28 February 2025. This extension is ...
Republic of Congo | SMIG Increase 1st January 2025
In the Republic of Congo, the guaranteed minimum wage (SMIG) will be set at 70,400 CFA francs per month, effective January 1, 2025. This increase is the result of ten years of negotiations and discussions between social partners and the government, ...
Burkina Faso | Draft Finance Law 2025
The Transitional Legislative Assembly has approved the Finance Bill for 2025. This bill amends Article 221 of Law No. 058-2017/AN, which pertains to the General Tax Code of Burkina Faso that was enacted on December 20, 2017. As of January 1, 2025, ...
Mali | Draft Finance Law 2025
The Ministry of Economy and Finance in Mali has unveiled the Draft Finance Law for the 2025 financial year, which has received approval from the Council of Ministers. However, it is yet to be enacted. As of January 1, 2025, all existing payroll ...
Cameroon | Finance Law 2025
On the 23rd of December 2024, the President of Cameroon signed Law No. 2024/013, enacting the Finance Law for the 2025 financial year. While the law introduces several amendments to the General Tax Code, it does not make changes to the following ...
Mauritius | Special Allowance Act 2024 Promulgated
The Mauritius Special Allowance Act was enacted on the 20th of December 2024 and came into effect on 21 December 2024. This new legislation introduces a Special Allowance (14th-month bonus) for employees earning a monthly basic salary of up to MUR ...
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