Compliance News
Zimbabwe: POBS insurable earnings Quarter 3
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 ...
Kenya: Finance Act 2023
Kenya’s High Court on Friday, 30th June, temporarily suspended the implementation of the Finance Act 2023. Lady Justice Mugure Thande noted in ruling that an application by Busia Senator Okia Omtatah met the threshold for conservatory orders. “I am ...
Egypt - Income Tax Amendments Effective 1 July 2023
The Egyptian Tax Authority published Law No. 30 of 2023, amending the Income Tax Law No.91 of 2005. Below is a summary of the amendments affecting payroll: Revised individual income tax brackets effective 1 July 2023 (first bracket will increase to ...
Tanzania Budget Speech 2023
The Minister of Finance delivered the Budget Speech for 2023/24 to parliament on 15 June 2023. In relation to payroll, the following tax measures were outlined: A proposal to reduce the Skills Development Levy (SDL) from 4% to 3.5%. A proposal to ...
South Africa - PAYE Administrative Penalties Update
During the month of June 2021, SARS introduced the PAYE Admin Penalty solution. The implemented interim solution provided SARS with the ability to impose PAYE administrative penalties, which meant charging admin penalties for the failure to submit ...
South Africa: Two-Pot Retirement System
The revised 2023 Draft Revenue Laws Amendment Bill and 2023 Draft Revenue Administration and Pension Laws Amendment Bill were published on 9 June 2023. These draft bills contain the necessary legislative amendments required to implement the first ...
South Africa - Personal Income Tax Return Filing Season
The SARS Commissioner published Government Gazette 48788 on 14 June 2023, prescribing: who are required and not required to file a personal income tax return, and the deadlines for filing a personal income tax return for the 2023 year of assessment ...
Senegal: Increase in transport allowance and SMIG
Following the meeting held on 31 May 2023 relating to the general increase in wages between the stakeholders which are the unions of workers, the Ministry of Labour, and respective employers, the following were adopted: Transport allowance increased ...
Mauritius - Measures announced in Budget Speech 2023 - 2024
On 2 June 2023, the Minister of Finance, Economic Planning and Development presented the Mauritius National Budget 2023/2024. The most significant changes are the abolition of the solidarity levy and the change to a progressive tax system, a major ...
Nigeria – Finance Act 2023 signed into Law
Former president, Muhammadu Buhari signed the Finance Bill, 2023 into law as Finance Act, 2023, on 28 May 2023. Below are the key amendments introduced by the Act relating to Personal Income Tax: The tax deductibility of any premium paid by an ...
Nigeria - Amendment to the National Housing Fund Act
The Nigeria president Muhammadu Buhari, signed the Business Facilitation (Miscellaneous Provisions) Act 2023, (“the Omnibus Act” or “the Act”) into law in February 2023 as part of the Federal Government's initiatives to foster an enabling environment ...
South Africa: OID Return of Earnings Submission Period Extended
The Director General of Employment and Labour published Government Gazette 46873 on 30 May 2023, extending the 2022/2023 OID Return of Earnings submission period until 30 June 2023. Click on the link below to view the Government Gazette. ...
Kenya: Finance Bill, 2023 proposed tax changes
The National Treasury tabled the Finance Bill, 2023 before the National Assembly on Thursday, 04 May 2023. Some of the notable changes include the introduction of a new 35% tax rate for income above KES 500,000 per month, a limited tax-free mileage ...
South Africa: Increase in the 'official rate of interest' effective June 2023
The 'official rate of interest' is used to calculate the 'interest-free or low-interest fringe benefit'. The official rate of interest is defined in section 1 of the Income Tax Act as the repurchase rate (repo rate) plus 100 basis points (1%). A new ...
Rwanda Proposed Income tax amendment bill
Rwanda has tabled before the parliament an income tax amendment bill proposing several tax changes relating to direct taxation. Among the key changes to be introduced, is a reduction of the tax rate from 20% to 10% on employment income between RWF ...
Uganda Issues 2023 Proposed Tax Amendment Bills
Uganda’s Minister of Finance Planning and Economic Development tabled Tax Amendment Bills of 2023 and The Convention on Mutual Administrative Assistance in Tax Matters (Implementation) Bill before Parliament of Uganda for debate on 30 March 2023. The ...
Ghana: New effective date for Tax Amendments
Please note that the GRA has issued a notice regarding the implementation of amendments in the 2023 Budget Statement. Effective date of implementation of the Income Tax Amendments is 1st May 2023 (previously 1st April). This is to enable companies to ...
RSA: New e@syFile Employer V7.3.3
SARS released a new version of e@syFile Employer, version 7.3.3. Refer to the below release notes for more information. Release notes: https://www.sars.gov.za/wp-content/uploads/Docs/PAYE/Release-Notes-V7.3.3.pdf Click on the link below to download ...
RSA: Employment Equity Amendment Act 2022
The Employment Equity Amendment Act, 2022 was published in Government Gazette 48418 on 14 April 2023. The effective date will be fixed by the President in a Government Gazette. Therefore, even though the Amendment Act has been published, it is not ...
Ghana: Tax changes as from April 2023
The Income Tax (Amendment) Act, 2023 (Act 1094) has amended the Income Tax Act, 2015 (Act 896) by revising the rates of income tax for individuals and introduced an additional income tax bracket as well as revised the upper limits for the ...
RSA: SARS Modernisation of the e@syFile Employer AA88 System Webinar
SARS is presenting a webinar on the changes to modernise their e@syFile Employer AA88 system. See details and meeting link below. Teams meeting link: ...
Malawi - New Tax Rates for 2023/2024
The Minister of Finance and Economic Affairs in his Budget Statement to Parliament in March 2023, announced new measures for Domestic Taxes. The measures became effective in April 2023, following the publication of the Taxation (Amendment) Act. The ...
South Africa – New/Updated OID Earnings Threshold Effective 1 March 2023
The Director General of Employment and Labour published Government Gazette 48065 (Notice 1617) on 17 February 2023 increasing the OID earnings threshold to R563 520 per annum effective 1 March 2023. However, on 10 March 2023, the Minister of ...
RSA: President Cyril Ramaphosa assents to Employment Equity Bill
President Cyril Ramaphosa has signed into law the Employment Equity Amendment Bill of 2020. The Equity Amendment Bill includes the following amendments: Setting of sectoral targets by the Minister: The Bill empowers the Minister to identify national ...
RSA: SARS Updated Interpretation Note 35 (PSP's and Labour Brokers)
SARS published an updated version (issue 5) of Interpretation Note 35: Employee's Tax: Personal Service Providers and Labour Brokers. Click on the link below to view the Interpretation Note. ...
Lesotho: New Tax Rates for 2023/2024 effective 1 April 2023
On 24 March 2023, The Minister of Finance published the Income Tax (Amendment of Monetary Amounts) Regulation (Legal Notice No.23 of 2023), containing the new tax rates effective 1 April 2023. Annual tax table for 2023/2024:
DEMOCRATIC REPUBLIC OF THE CONGO: Annual employee income tax return introduced
The General Director of the Congolese Tax Authority issued service note no. 01/009/DGI/DG/DLEG/BU/SK/PBC/2023 of 24 January 2023 and official statement no. 01/008/DGIS/DG/DESCOM/Div.COMM/MM/CK/2023 of 20 February 2023 in terms of which an annual ...
Malawi: Proposed Changes for 2023/2024
The Budget Statement for 2023/2024 was presented by the Minister of Finance and Economic Affairs on 2 March 2023. The following amendments affecting payroll were proposed in the Budget Statement: The PAYE schedule will be amended by removing the 40% ...
South Africa: SARS Letter about the Annual EMP501 Declarations for 2022/2023
SARS published a letter to all relevant stakeholders on how to comply with regards to the the Annual EMP501 Declarations for 2022/2023. See link below for the letter. ...
South Africa: Increase in the 'official rate of interest' effective April 2023
The 'official rate of interest' is used to calculate the 'interest-free or low-interest fringe benefit'. The official rate of interest is defined in section 1 of the Income Tax Act as the repurchase rate (repo rate) plus 100 basis points (1%). A new ...
South Africa - SARS New USSD Service
SARS released a new USSD service on 20 March 2023 to assist taxpayers on PIT (Personal Income Tax) related services. This service is free or charge and the taxpayer don't need a smart phone or internet connectivity. The following services are offered ...
Eswatini: Cessation of manual submission of NPF 200 form
The Eswatini National Provident Fund has issued a notice informing all employers that the Fund will no longer be issuing and accepting manual submission of the NPF 200 form from 1 March 2023. All employers are requested to submit the new electronic ...
Burkina Faso Adjusts Employers' Social Security Contributions Rates
The government of Burkina Faso has adjusted the different rates of employers' social security contributions in order to improve social security coverage of employees. The total rate of the social security employer contributions rate remains at 16% ...
RSA: Tax Proposals 1 March 2023 – 29 February 2024
During the 2023 Budget Speech delivered to the National Assembly today, the Minister of Finance, Mr Enoch Godongwana, outlined the government’s fiscal priorities and proposed tax relief measures for the year ahead. Below is a summary of the changes ...
South Africa - Increase in the National Minimum Wage Rates
The Minister of Employment and Labour published Government Gazette 48094 on 21 February 2023, increasing the following minimum wages effective 1 March 2023: The National Minimum Wage Schedule 1 and Schedule 2 of the National Minimum Wage Act (NMWA). ...
South Africa - Increase in the BCEA Earnings Threshold
The Minister of Employment and Labour published Government Gazette 48092, increasing the BCEA earnings threshold from R224 080.48 per annum to R241 110.59 per annum effective 1 March 2023. Therefore, effective 1 March 2023, employees earning more ...
South Africa - Return of Earnings (W.As.8 report) Submission Period for 2022/2023
The 2022/2023 Return of Earnings (W.As.8 report) submission period is from 1 April 2023 to 31 May 2023. A penalty of 10% will be charged for late submissions. Interest as prescribed by the National Treasury will be charged on overdue accounts or ...
South Africa - Increase in OID Earnings Threshold Effective 1 March 2023
The Director General of Employment and Labour published Government Gazette 48065 (Notice 1617) increasing the OID earnings threshold as follows: from R529 264 per annum (limit for 2022/2023), to R563 520 per annum effective 1 March 2023 (limit for ...
Kenya: NSSF contribution increase
Following the ruling of the Court of Appeal on the NSSF Act No. 45 of 2013, the National Social Security Fund (NSSF) has asked all employers to immediately comply with the court verdict that allowed an increase in monthly contributions to take ...
Gabon: Finance Law 2023
The Finance Law 2023 was adopted under Law No. 025/2022 of 30 January 2023 and published in the Official Gazette on 2 February 2023. Official Journal of the Gabonese Republic (journal-officiel.ga) The main provisions affecting payroll is applicable ...
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