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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 ta...

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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 t...

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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 01 July 2023. These amendments are ...

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The Finance Act 2023 was published on 30 June 2023 amending the Vocational Education and Training Act. The following SDL amendments are effective 01 July 2023: • The SDL levy has been decreased from 4% to 3.5% • The Minister responsible for fina...

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On the 14th of June 2023, the Madagascar Ministry of Labour, Employment, Public Service and Social Laws published Decree No. 2023 - 563, fixing the minimum wages for hiring and seniority by professional category and the minimum monthly remuneration.T...

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As per the MRA, the minimum and maximum basic wage or salary on which contributions to the National Savings Fund (NSF) are payable, has been adjusted as from 01 July 2023. Click here for more details. NSF Ceiling July 2023 The NSF Minimum and Ma...

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Global Payroll Association Awards 2023 It is with great pride that we share the news of two international awards we have received.  In 2019, we were the first African business to win 'Payroll Software Supplier of the year' at the annual Global Payr...

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South Africa Interest Rate Change The “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.50% with effect from 01 June 2023. Click here for the South African Reserve Bank websi...

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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 April 2023, following the publication of the Taxation (Amendment) Act.The follow...

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As a business, navigating every new tax increase that is enforced can be time-consuming and difficult. However, if you missed the Nation Budget Speech, or have forgotten what was announced, we've got you covered! In this article, we will discuss some...

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