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Below you will find our latest blog posts, press releases, alerts, newsflashes, infobytes, case studies and webinars. Happy reading!
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JUNE 2022 – MAURITIUS 2022/2023 BUDGET SPEECH It is important that employers note the following: Mauritius 2022/2023 Budget speech and tax changes On Tuesday, 7 June 2022 the Minister of Finance, Economic Planning and Development presented the 2022/2023 National Budget. The Budget aims to set the foundation for a resurgence of the economy to pre-pandemic...

JUNE 2022 – SOUTH AFRICA SARS INDIVIDUAL FILING SEASON It is important that employers note the following: SARS submission of income tax returns for the 2022 tax year On 3 June 2022 the South African Revenue Services (SARS) published Notice 2130 in Government Gazette 46471 to provide the income tax return filing dates for individuals....

MAY 2022 – NAMIBIA AMENDMENT OF REGULATIONS UNDER SOCIAL SECURITY ACT It is important that employers note the following: Amendment of the regulations published under Government Notice No. 198 of 1 November 1995 Government Notice No. 89 of 2022 was published in Government Gazette 7773, dated 25 March 2022. The government notice has adjusted the...

MAY 2022 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Increase to official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repo rate by 50 basis points. The announcement was made on Thursday, 19 May 2022. The repo rate...

MAY 2022 – KENYA FINANCE BILL, 2022 It is important that employers note the following: Kenya Finance Bill, 2022 published Following the 2022/2023 Budget Speech delivered on 7 April 2022, the Finance Bill, 2022 was published on 8 April 2022 in Kenya Gazette Supplement No. 67. Amendments of importance to employers are: Section 2 of...

APRIL 2022 – SOUTH AFRICA COIDA: MANNER OF CALCULATING COMPENSATION It is important that employers note the following: COID Act Schedule 4: Manner of calculating compensation Government Gazette 46244 Notice 982 of 2022 was published on 14 April 2022 by the Department of Employment and Labour to inform all interested parties of the intention to...

APRIL 2022 – LESOTHO TAX CHANGES 2022/2023 It is important that employers note the following: Personal tax rates and tax credit Following the 2022/2023 Budget Speech delivered on 2 March 2022, the Lesotho Government published changes to the lower tax brackets and tax credit on 8 April 2022. In terms of the Income Tax (Monetary...

APRIL 2022 – MALAWI TAX CHANGES REGARDING THE 2022/2023 TAX YEAR It is important that employers note the following: Changes to the Malawi tax tables and tax year Following the Budget Speech delivered on 18 February 2022 by the Minister of Finance and Economic Affairs, the Taxation (Amendment) Act, 2022 was published on 31 March...

APRIL 2022 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING It is important that employers note the following: Pension & Other Benefits Scheme (POBS) contributions The National Social Security Authority (NSSA) has published the new maximum amount of monthly insurable earnings for April, May, and June 2022. The new maximum amount of monthly insurable earnings in respect...

MARCH 2022 – SOUTH AFRICA EMPLOYER ANNUAL RECONCILIATION SUBMISSION It is important that employers note the following: Annual Reconciliation Season 2022 On Wednesday, 30 March 2022, a notice was published on the SARS website to inform employers of the annual reconciliation submission period. The annual reconciliation declaration (EMP501) submission period opens on 1 April 2022...

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