Compliance News
Zimbabwe: Finance Act ZWL tax table changes
Following the promulgation of the Finance (No. 2) Act, 2022, the ZWL tax threshold has increased from ZWL 900,000 to ZWL 1,1 million along with consequential amendments to the tax bands, with effect from 1 January 2023. No changes in USD tax ...
Ghana: Maximum and Minimum Insurable Earnings for 2023
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA), has increased the maximum insurable earning for 2023 from GHS 35,000.00 to GHS 42,000.00. The upward adjustment is in ...
Chad – Finance Law 2023
Chad's President has promulgated the Finance Law for the 2023 financial year, Law No. 016/PT/2023 of 30 December 2022. Some of the main tax measures affecting payroll include: Article 35 of the Finance Law amends article 1 of the CGI - change in the ...
Ghana: SSNIT minimum contribution
In line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651), the National Tripartite Committee (NTC) concluded negotiations on the determination of the 2023 National Daily Minimum Wage. As of 01 January 2023, the new National Daily Minimum ...
Ivory Coast: Transport Allowance Exemption 2023
Tax Schedule to the Finance Law No. 2022-974 of December 2022 on the State Budget for the tax year 2023 has been published. This Tax Schedule is effective 9 January 2023. The Tax Schedule amends article 116-10 of the General Tax Code effective ...
Zambia: NAPSA Contribution Ceiling Increase 2023
The National Pension Scheme Authority is mandated to review the contribution ceiling and pension payments annually and adjust them in line with the change in the National Average Earnings (NAE). This is in accordance with Section 35 of the National ...
UAE (United Arab Emirates) – Introduction of mandatory Unemployment Insurance commences 1 January 2023
In September 2022 the UAE launched for the first time an unemployment insurance scheme to become mandatory for all employees. Federal Decree No. 13 of 2022 concerning unemployment insurance forms part of the statutory framework for this new ...
Zambia: Income Tax (Amendment) Act, 2022
The Income Tax (Amendment) Act, 2022 assented on 23 December 2022. This Act shall come into operation on the 1st of January, 2023. Changes included an Increase to the exemption threshold for Pay As You Earn (PAYE) to K4,800 per month from K4,500, ...
Togo - New Annual Tax Rates
Finance Law, Fiscal Year 2023 (Loi N°2022-022) was signed on 27 December 2022. This Finance Law amends article 74 of the General Tax Code (CGI). According to article 2, this Finance Law applies to personal income tax due for the year 2022 and ...
Egypt - Increase in Social Security Limits
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 on. This increase is effective 1 January every year for a period of seven ...
Niger -Finance Law 2023
The Government of Niger has published the Finance Bill on 27 the December 2022. As of January 1, 2023, Article 52 of Section III of Book One of the General Tax Code has been modified to include Food Allowance as a new component in the fringe benefits ...
Morocco-Finance Law 2023
The Moroccan government has published the Finance Bill 2023 on 23 December 2022. The most notable changes concerning personal income tax are set out below. The changes have been approved by government and has been published in the official newspaper. ...
Tunisia-Finance Law 2023
On 23 December 2022, the Tunisian Minister of Finance issued the Decree-Law (Decree-Law No. 79-22) on the Finance Law for 2023 which was published on the official website of the Ministry of Finance and Economy. The most notably change affecting ...
Zimbabwe: POBS insurable earnings Quarter 1 of 2023
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 ...
Zimbabwe: Finance Act, 2022 (No. 8 of 2022)
Following the 2022 Mid-Term Budget and Economic Review & Supplementary Budget Speech, after much delay, the Finance Act, 2022 Act No. 8 of 2022 brings the following amendments into effect for the 2022 tax year: Update in the tax tables for ZWL (for ...
South Africa: Final reminder for employers to submit outstanding ROE’s for 2021 and prior years and COIDA audits
The Compensation Commissioner has issued a final reminder for employers to submit outstanding return of earnings (ROE’s or W.As.8) for 2021 and prior years by 31 January 2023. This can be done online at cfonline.labour.gov.za or manually at ...
South Africa: South Africa: Increase in the 'official interest rate' effective December 2022
The official interest rate is used to calculate the 'low or interest free loan/debt' fringe benefit. The official interest rate is defined in section 1 of the Income Tax Act as the repurchase rate plus 100 basis points (1%). A new official interest ...
South Africa: e@syFile V7.3.1 released
SARS has released the latest e@syFile V7.3.1 Please visit their website to download the software and the release notes: https://www.sars.gov.za/businesses-and-employers/my-business-and-tax/easyfile/ The new version includes the following ...
RSA: CF-1C Application for Employer Deregistration reminder
Note to employers who have ceased to operate a business or no longer have employees to be covered by the Compensation Fund: Remember to complete the CF-1C Application for Employer Deregistration Form and send it to cfoutbound@labour.gov.za Should the ...
Madagascar: Updated minimum wage
Interministerial Order No 24545/2022 repealed Decree No. 2022-626 of 4 May 2022 setting the Minimum Hiring Wage for the private sector. Effective April 2022, the minimum hiring wage is MGA217,000 instead of MGA250 000 as previously published. The ...
Namibia: The 2022/23 Mid-Year Budget Review Statement: Government Proposes Tax Relief Measures for Upcoming Budgets
On 25 October 2022, Finance Minister Iipumbu Shiimi presented the Mid-Year Budget Review Statement for the 2022/23 fiscal year to the parliament. Although most of the tax measures presented were announced earlier, the government is taking a gradual ...
Rwanda: New law establishing taxes on income no. 027/2022 of 20/10/2022 published in official gazette no special of 28/10/2022
The Rwanda Revenue Authority (RRA) has announced that a new law establishing taxes on income no. 027/2022 of 20/10/2022 published in official gazette no special of 28/10/2022. Considering that tax administration system has to be adapted to the ...
Tunisia: SMIG increase
In Tunisia the Salaire minimum interprofessionnel garanti (SMIG) refers to the guaranteed interprofessional minimum wage in the non-agricultural sectors governed by the Labour Code. Decree no 2022-0769 of 19 October 2022 increased the SMIG values as ...
Eswatini: Upward Revision Of Statutory Contributions To The Eswatini National Provident Fund
An official notice was published by the Eswatini National Provident Board. The Board resolved that the ceiling amount of wages for the purposes of the payment of statutory contributions to the Fund be increased from E3,300.00 to E3,500.00 per month ...
KENYA: FRINGE BENEFIT TAX & DEEMED INTEREST RATE
FRINGE BENEFITS TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 9%. This rate shall be applicable for the three months of October, November, and December 2022. DEEMED INTEREST RATE For purposes of section ...
Uganda – Changes to the PAYE (DT-2008) return (fixed rate for secondary employment)
Uganda Revenue Authorities released a public notice, informing taxpayers that with effect of 4 October 2022, changes were made to the PAYE return template. For the purposes of filing September 2022 and subsequent months, taxpayers are advised to ...
Zambia: 2023 Budget overwiew
On Friday the 30th of September the 2023 budget address was hosted by the honorable Dr. Situmbeko Musokotwane. Below is a brief summary of the proposed changes that will affect personal income taxes in Zambia: Increase the exemption threshold for ...
South Africa: COIDA Open-Day
Notice to Employers: The Compensation Fund is holding three days of Open Day meetings for employers to assist with ongoing unresolved matters. Employers will be granted the opportunity to directly engage with the processing officials in order to ...
RSA: e@syFile version 7.2.9 released
SARS has released the latest e@syFile version 7.2.9 Please visit their website to download the software and the release notes: https://www.sars.gov.za/businesses-and-employers/my-business-and-tax/easyfile/ The new version includes the following ...
UIF Notice – Manual UI-19 form discontinued
The Unemployment Insurance Fund has made available an undated notice that states that from 1 October 2022, all Gauteng Labour Centers will no longer accept manual UI-19 forms (usually for the purposes of claiming the UIF benefit). The notice also ...
Malawi: Commercial rate for fringe benefit tax on employer provided concessional loans
Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference be recognized as a fringe benefit. ...
Zimbabwe: POBS insurable earnings for Quarter 4 of 2022
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 ...
South Africa: Official rate of interest
The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) has announced an increase in the repurchase rate by 75 basis points. The increase means the repo rate would be 6.25% per year as of 23 September 2022. The “official rate of ...
Zimbabwe: Finance Bill amended clauses, awaiting promulgation
Finance Bill (No. 9A) 2022 reflects the Finance Bill as finally passed by the National Assembly on Thursday 1st September, sent to the Senate on the same date and considered by the Senate on 6th and 7th September. The Senate passed the Bill but, at ...
Zambia: Employee Tax Numbers (TPIN)
The Zambia Revenue Authority has introduced a new requirement for all monthly PAYE returns to include Taxpayer Identifications Numbers (TPINS) for all employees. The effective date is the 1st of October 2022. This means that all PAYE returns due by ...
South Africa: Tax News
SARS has confirmed that they are currently experiencing a software issue regarding the EMP201 declared liabilities not pre-populating on the EMP501 return. SARS has communicated this issue as critical and will be releasing a fix by early next week. ...
South Africa: HAPPY TAX SEASON!
SARS has released the latest e@syFile version 7.2.8 Please visit their website to download the software and the release notes: https://www.sars.gov.za/businesses-and-employers/my-business-and-tax/easyfile/ The new version includes the following ...
South Africa: More news from SARS
EMPLOYER INTERIM RECONCILIATION SUBMISSION: 19 SEPTEMBER TO 31 OCTOBER 2022 This year, the Employer Interim Reconciliation Declaration (EMP501) submission period opens on 19 September 2022 and closes on 31 October 2022. Employers are required to ...
South Africa: Message from SARS
Employer Interim Reconciliation Filing Season Please be advised that in preparation for the opening of the Employer Interim Reconciliation Filing Season on 19 September 2022, the prepopulated liabilities reflected on the Reconciliation Declaration ...
South Africa: PAYE Employer Interim Reconciliation
Please take note of the preliminary submission dates published on the SARS website: 2023 Annual Employer Reconciliation (1 March 2022 – 28 February 2023) Interim: 19 Sep – 31 Oct 2022 For more information, visit their webpage ...
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