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MAY 2024 – SOUTH AFRICA NATIONAL HEALTH INSURANCE BILL SIGNED INTO LAW It is important that employers note the following:The President assents to the National Health Insurance (NHI) Bill On Wednesday, 15 May 2024, the President assented to the NHI Bill (the National Health Insurance Act) which will take effect on a date proclaimed by...

MAY 2024 – JORDAN and LEBANON MINIMUM WAGE AND SOCIAL SECURITY CHANGES It is important that employers note the following: JORDAN Social security contribution ceiling The Jordanian Social Security Corporation has announced an increase in the maximum monthly salary subject to the social security contribution calculation and the monthly maximum unemployment allowance for the year...

MAY 2024 – MALAWI TAX RATES FOR THE 2024/2025 TAX YEAR It is important that employers note the following: Tax rates for the 2024/2025 tax year approved Following the approval of the Appropriation Bill 2024 on 27 March 2024 by the Malawi House of Parliament, the House has also passed Bill No. 3 of 2024:...

APRIL 2024 – ZIMBABWE CURRENCY CHANGE EFFECTIVE APRIL 2024 It is important that employers note the following: Zimbabwe issues new gold-backed currency – Zimbabwe Gold Following the 2024 Monetary Policy Statement issued earlier in April, Zimbabwe’s central bank has launched a new structured currency, the Zimbabwe Gold (ZiG). Effective 5 April 2024, the ZiG is...

APRIL 2024 – LEBANON ANNUAL SCHOOLING ALLOWANCES It is important that employers note the following: Increase in the schooling allowances for the 2023-2024 academic year The Lebanese government issued Decree No. 13225 on 18 April 2024 to increase the annual schooling allowance. Employees are entitled to schooling allowances which are attached to the husband’s rather...

APRIL 2024 – LESOTHO TAX CHANGES FOR THE 2024/2025 TAX YEAR It is important that employers note the following: Changes to the tax tables Following the 2024/2025 Budget Speech delivered on 21 February 2024, the Income Tax (Amendment of Monetary Amounts) Regulations, 2024 was published on 17 April 2024. The regulation serves as confirmation of...

APRIL 2024 – KENYA SOCIAL HEALTH INSURANCE FUND (SHIF) It is important that employers note the following: Social Health Insurance Fund implementation Following the halting of the implementation of the SHIF in November 2023, the Court of Appeal lifted the order on 19 January 2024, allowing the government to move forward with implementing the Universal...

APRIL 2024 – BAHRAIN MANDATORY END-OF-SERVICE BENEFITS It is important that employers note the following: End-of-service benefit (EOSB) system for non-Bahrainis employed in the private sector Prime Minister HRH Prince Salman bin Hamad Al Khalifa issued Decree No. 109 of 2023 in relation to the regulation of end-of-service remuneration for non-Bahrainis working in the private...

APRIL 2024 – SOUTH AFRICA EMPLOYER ANNUAL RECONCILIATION SUBMISSIONS It is important that employers note the following: Annual Reconciliation Season 2023/2024 On Thursday, 4 April 2024, SARS published a notice on its website to inform employers of the annual reconciliation submission period. The annual reconciliation declaration (EMP501) submission period opens on 1 April 2024 and...

APRIL 2024 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING APRIL 2024-JUNE 2024 It is important that employers note the following: Pension and Other Benefits Scheme (POBS) contributions The National Social Security Authority (NSSA) has published the maximum amount for the POBS monthly contributions insurable earnings ceiling applicable for April, May and June 2024. The ceiling limit...

2024/2025 Tax Guide


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