Compliance News
Cameroon - Application of Finance Law 2024 tax measures relating to Personal Income Tax (IRPP) suspended
The Minister of Finance, Louis Paul Motaze, suspended the application of the new tax measures relating to the Personal Income Tax (IRPP) contained in 2024 Finance Law. In a letter addressed to the president of the Cameroon Business Group (Gecam), the ...
Kenya - Update to NSSF rates 2024 - Effective Date: February 2024 Payroll
The NSSF Act No. 45 of 2013 and Article 43 of the Kenya Constitution mandates the National Social Security Fund (NSSF) to provide social security to all workers in Kenya. This is therefore to notify all Employers, effective February 2024 payroll, of ...
Ghana - Revision of Income Tax Rates - effective 1 January 2024
On the 29th of December 2023 the Ghanaian Parliament has passed the amendment of the Income Tax Act, 2015 (Act 896) under Income Tax Amendment (No 2) Act 2023, Act 1111, by revising the income tax rates for individuals to complement the increase in ...
Zambia - Revision in Contribution Ceiling for 2024 - effective 1 January 2024
NAPSA wishes to advise that the maximum monthly deductible employee’s contribution amount for the year 2024 has been revised to K 1,490.80 and correspondingly, the maximum monthly payable employee and employer statutory contribution amount has moved ...
Cameroon - Finance Law 2024 General Tax Code Amendments Effective 1 January 2024
The Finance Law of the Republic of Cameroon for the 2024 financial year was enacted on 19 December 2023. Law no 2023/019 amended the General Tax Code effective 1 January 2024. The following tax measures affects payroll in Cameroon for the 2024 tax ...
Zimbabwe – Promulgation of Finance Act 2023
Following the promulgation of the Finance Act, 2023, the following are a summary of changes affecting payroll: the ZWL tax threshold has increased from ZWL 750 000.00 per month to ZWL 9 000 000.00 per month, and adjust the tax bands to end at ZWL270 ...
Burkina Faso - Increase in SMIG amount
On the 3rd November 2023 Decree N°2023-1586/PRES-TRANS/PM/MFPTPS/MEFP was promulgated repealing the Decree N°2006 655/PRES/PM/MTSS/MFB du 29 December 2006 that fixes the guaranteed minimum wage (SMIG) in Burkina Faso. The Council of Ministers have ...
Ivory Coast: ITS reform effective 1 January 2024
The Presidency of the Republic published 'Ordonnance No 2023-179 du 13 Septembere 2023", reforming the taxes on salary, wages, pensions and life annuities. The Director General of Taxes announced that this reform will take effect on 1 January 2024. ...
Benin – Budget 2024 Proposed change affecting Payroll
According to the draft budget for 2024 of the Republic of Benin there is a proposed change to the flat-rate valuation of benefits in kind, where the benefit in kind will be assessed at 50% of the value for domestic workers provided in the general tax ...
DRC – Budget 2024: Government proposes the following changes for the 2024 Tax Year
The Draft Finance Law for 2024 contains the following changes: Modification to Article 18 de la Loi n 004/2003 of 13 March 2003, which states that employers are expected to file the Annual Recapitulative return by the 15th of February and no longer ...
Niger - ANPE Increase
Employers in the para-public and private sectors are informed that the rate of the Employer contribution, for the benefit of the National Agency for the Promotion of Employment (ANPE) has increased from 0.5% to 1% of the payroll subject to social ...
Ghana - Increased Minimum Wage
The Ghanaian government has announced an increase to the minimum wage from 14.88 GHS to 18.15 GHS. This is effective as of January 1st, 2024. This increment will have a direct effect on the SSNIT maximum and minimum insurable earnings as well as the ...
Kenya - High Court declares 'Affordable Housing Levy' unconstitutional
On Tuesday 28th November 2023, Kenya's High Court declared the 1.5% levy intended to fund affordable housing unconstitutional. The High Court has stayed the ruling until the 10th January 2024 to allow for the Government to appeal. This means the ...
Angola – Employment Income Tax Code Amendments Effective 1 January 2024
The General State Budget (OGE) for 2024 was approved by National Assembly on 13 December 2023 and enacted on 26 December 2023. According to the Ministry of Finance, the amendments to the 2024 Economic Year (OGE-2024) appears in Law No. 15/23, of 29 ...
Kenya – Implementation of Social Health Insurance Regulations suspended.
The High Court in Kenya has suspended the regulations pertaining to the recently gazetted Social Heath Insurance Act pending a review of the legality of the Act. The suspension is in place until at least the 7th February 2024. The regulations require ...
Zimbabwe: POBS insurable earnings Quarter 1 2024
The National Social Security Authority would like to advise all employers & stakeholders of changes to the Self -Adjusting Framework for determining the monthly POBS maximum insurable earnings per employee. In terms of SI 64 of 2022 gazetted on 01 ...
Togo - The National Social Security Fund (CNSS) will roll out Universal Health Insurance from 1 January 2024
The universal health coverage was made official by Law No. 2021-022 of October 2021, establishing universal health insurance in the Togolese Republic. The universal health coverage aims to achieve equal access to essential or primary health care for ...
Zimbabwe – Proposed Changes 2024 National Budget and draft Finance Bill:
On Thursday 30 November 2023, the National Budget of Zimbabwe was presented by the Honourable Minister Mthuli Ncube, Minister of Finance, Economic Development and Investment Promotion at the Parliament. This summary includes the key highlights on ...
UAE - General Pension and Social Security Authority (GPSSA) announces issuance of new Federal Decree law no. 57 on pension- Effective from 31 October 2023 onwards
The General Pension and Social Security Authority (GPSSA) has announced the issuance of the new Federal Decree Law No: (57) of 2023 on Pension and Social Security. The new law aims to: improve the policies of the GPSSA and its work system, to ensure ...
Eswatini - Increase in ENPF Maximum Wage Limit Effective 1 January 2024
According to Legal Notice No 140 of 2020, the contributions for the Eswatini National Provident Fund (ENPF) will be based on a higher maximum wage limit every year for five years, effective January 2021. Therefore, effective 1 January 2024 - the ...
Egypt - Increase in Social Security Limits Effective 1 January 2024
The Social Insurance and Pension Law no.148 of 2019 mandates a 15% increase on the minimum and maximum salary limits on which the social security contributions are calculated. This increase is effective 1 January every year for a period of seven ...
Egypt - Income Tax Amendments Effective 1 November 2023
The President has signed Law No. 175 of 2023 amending some provisions of the Income Tax Law No.91 of 2005, effective 1 November 2023. This law contains the following amendments: Raises the tax exemption limit to EGP 45,000 (the annual personal ...
RSA: PAYE Monthly Detail Submissions Effective 1 March 2025
SARS Modernisation Project In February 2022, SARS first announced its steps towards becoming a 'future revenue authority informed by data-driven insights, self-learning computers, AI and interconnectivity between people and devices.' The project was ...
Nigeria – Finance Act 2023 (updated effective date of 1 September 2023)
In a recent update, the Federal Inland Revenue Service ("FIRS") has officially communicated the revised effective date for the implementation of the Finance Act 2023 ("the Act"). This update by the FIRS follows the deferment of the commencement of ...
Rwanda – Reminder of Tax Table Update from November 2023
In 2022, The Rwanda Revenue Authority (RRA) had announced a new law establishing taxes on income no. 027/2022 of 20/10/2022 published in the official gazette no special of 28/10/2022. Article 56 (Withholding tax on employment income) of the new law ...
Zimbabwe: POBS insurable earnings Quarter 4
The National Social Security Authority would like to advise all employers & stakeholders of changes to the Self -Adjusting Framework for determining the monthly POBS maximum insurable earnings per employee. In terms of SI 64 of 2022 gazetted on 01 ...
RSA: New e@syFile Employer V7.4.0
SARS released a new version of e@syFile Employer for the Interim EMP501 Reconciliation Submissions period, version 7.4.0. Please refer to the attached release notes for more information. To download the new release, click on the link below. ...
South Africa - Employer Interim EMP501 Reconciliation Filing Season
SARS has issued a notice to employers regarding the Interim EMP501 Reconciliation filing season, which will commence on 18 September 2023 and end on 31 October 2023. Link to notice below: ...
Uganda: Income Tax(Amendments) Act, 2023 signed into Law
The president of Uganda, has signed the Income Tax (Amendment) Act, 2023. The amendments will apply from 1 July 2023. Below is a summary of the amendment affecting employment income. Section 21 (exempt income) of the Principal Act amended, whereby ...
Kenya: Public Notice Affordable Housing Levy (AHL)
As per the public notice issued by the KRA on 15 August 2023, please note: The Finance Act 2023 introduced the AHL with effect from 1st July, 2023. Kenya Revenue Authority has been appointed as the collecting Agent of the Affordable Housing Levy ...
Zimbabwe: Review of ZWL PAYE tax tables
As per the Public Notice No. 51/2023, issued on 10 August 2023, the Zimbabwe Revenue Authority (ZIMRA) wishes to advise its valued taxpayers that the Minister of Finance and Economic Development has reviewed local currency employment tax bands and ...
Kenya: Collection Of Affordable Housing Levy By Kenya Revenue Authority
Public notice from KRA: Kenya Revenue Authority (KRA) would like to inform members of the Public that the Cabinet Secretary, Ministry of Lands, Public Works, Housing and Urban Development through a Public Notice dated 3rd August, 2023, has appointed ...
Zanzibar: Finance Act 2023 amendments
As per the Finance Act 2023, passed by the House of Representatives of Zanzibar on 21 June 2023, the Vocational Training Levy has been amended in section 27 of the Vocational Training Act, No. 8 of 2006, effective as from 01 July 2023. These ...
Kenya: Judges Lift Order Suspending Finance Act 2023
Kenya's Court of Appeal has lifted the conservatory orders issued by the High Court on 10 July 2023 suspending the implementation of the Finance Act 2023. The Appeal Court was satisfied that the application to lift the conservatory order met the twin ...
Mauritius: The Finance (Miscellaneous Provisions) Act 2023
On 7th July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2023 into the National Assembly. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s ...
Kenya: The National Health Insurance Fund Regulations, 2023
Following the recent release of the proposed amendments to the current Act, the NHIF invited public participation and feedback on the Draft National Health Insurance Fund (NHIF) Amendment Act Regulation, 2023. The draft is meant to replace the NHIF ...
Nigeria - Deferment of the Commencement Date of Finance Act 2023
President Bola Ahmed Tinubu on Thursday, 6 July 2023, signed four (4) Executive Orders, among which is the Finance Act (Effective Date Variation) Order 2023. The Finance Act 2023 was signed by the former President on 28th May 2023. The new effective ...
Uganda - update on Proposed tax amendment bill 2023
With reference to the proposed amendment to section 19(h) of the Income tax Act to exclude any gain from the disposal of a right or option to acquire shares under an employee share acquisition scheme from employment income, it must be noted that this ...
Tanzania: SDL Amendments Effective 1 July 2023
The Finance Act 2023 was published on 30 June 2023 amending the Vocational Education and Training Act. The following SDL amendments are effective 1 July 2023: The SDL levy has been decreased from 4% to 3.5% The Minister responsible for finance may, ...
Kenya: High Court extends orders barring implementing of the Finance Act, 2023
The High Court has extended orders that suspended the Finance Act 2023 until Monday next week. The conservatory orders issued by the High Court pausing the implementation of the Finance Act 2023 will remain in effect until July 10 when the court will ...
Next page