Compliance News
Kenya: 2022 Tax Changes
The Finance Bill No.8,2021 has amended Section 31 of the Income Tax Act. The amendment introduces a tax rebate for individuals who make contributions to the National Hospital Insurance Fund (NHIF). The amount of insurance rebate to be claimed is ...
Benin: 2022 Tax Changes
The Finance Law n ° 2021-15 of 23 December 2021 which was presented to the National Assembly and the President of the Republic was approved on the 26th of December 2021 through Law n° 361/MEF/DC/SGM/DGB/DS/SLD/SA. The General Tax Code of 2022 made ...
Guinea Conakry: 2022 Tax Changes
Law L /2021/032/AN of 4 July 2021 of the General Tax Code was promulgated by decree D/2021/236/PRG/SGG of 2021. The provision of the new General Tax Code has made the below changes relating to payroll: 1. Personal Income Tax Tables Article 63 has ...
Burundi: 2022 Tax Year Changes
There are currently no changes expected for Burundi for the 2022 Tax Year. The personal tax rates were last amended by Law No. 1/02 of 24 January 2013. In terms of Article 21 of the Burundi Income Tax Law (Loi relative aux Impôts sur les Revenus - ...
Egypt: 2022 Tax Year Changes
The maximum limit of the Basic Salary which is subject to social insurance has increased to L.E. 9,400 per month, and the minimum Basic Salary which is subject to social insurance has increased to L.E. 1,400 per month. The monthly insured earning cap ...
Mauritius: Portable Retirement Gratuity Fund (PRGF)
The Portable Retirement Gratuity Fund (PRGF) is a fund which is established under the Mauritius Workers’ Rights Act 2019 for the purpose of providing for the payment of a gratuity on the death or retirement of a worker, while recognizing the worker’s ...
Nigeria: 2022 Tax Year Changes
Legislation The Finance Act was passed by the National Assembly and brought the amendment of Section 33 of the Personal Income Tax Act by the deletion of the wording "or of a contract for deferred annuity on his own life or the life of his spouse" ...
Mali: 2022 Tax Year Changes
Please note that the Compliance Research team have received confirmation that there are no Personal Income Tax/Payroll changes planed for the 2022 tax year in Mali. Any further changes that may arise will be communicated.
Sierra Leone: 2020 Tax Year Changes
The Sierra Leone Finance Act has been passed by the National Assembly. There are no changes to the Personal Income Tax that have been announced for the 2022 tax year. Any further changes that may arise will be communicated.
Mauritania: 2022 Tax Year Changes
The Final Bill has still not yet been passed, but the Research Compliance Team have received confirmation that the are no Personal Income Tax changes that have been made for the 2022 tax year. Any further changes that may arise will be ...
Kenya: Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
As per the Public Notice 12/01/2022 posted by the Kenya Revenue Authority, the rates remain at 7%. Fringe benefit tax rate: For the purposes of Section 12B of the ITA, the market interest rate is 7%. This rate shall be applicable for the months of ...