What you should know about Payroll legislation in South Africa Everything you don’t know about South Africa’s payroll legislation could be costing your company money. Managing payroll is complex – that’s a fact – and the list of regulations and submissions your business must comply with is a long one. One mistake could cost you...
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...
Spending a Day in the Life of a Payslip Do your employees fully understand the processes behind payroll? A payslip and payroll, for many people, remains a mystery. The processes and calculations that sit behind the monthly amount that lands in the bank account are vague and complicated. Many employees find navigating the maze of...
JULY 2021 – BOTSWANA | TANZANIA TAX CHANGES It is important that employers note the following: Botswana tax changes Following the Budget Speech delivered in February 2021, the Income Tax Amendment Act 2021 and the Income Tax (Amendment) Act Commencement Order 2021 were published in June 2021. The Act gives the full tax rates...
JANUARY 2021 – NON-SA COUNTRIES RECENT LEGISLATION CHANGES: ESWATINI, KENYA, MOROCCO & ZAMBIA It is important that employers note the following: ESWATINI National Provident Fund (NPF) contribution changes An increase in the ceiling amount of wages for the purpose of the calculation of NPF contributions was published in Legal Notice No. 140 of 2020. As...
NOVEMBER 2020 – MALAWI UPDATE: NEW INCOME TAX RATES It is important that employers note the following: Malawi Pay As You Earn (PAYE) changes With reference to the News Flash of 16 October 2020, new tax rates for Malawi have been announced. On 16 November 2020 Malawi Revenue Authority (MRA) released a press statement and published...
APRIL 2020 – KENYA UNIFIED PAYE/NSSF PAYROLL RETURN | COVID-19 TAX MEASURES It is important that employers note the following: Notice to implement unified PAYE/NSSF payroll return and proposed COVID-19 tax measures The Kenya Revenue Authority (KRA) has issued a public notice on its website informing employers that a unified payroll return has been developed...
APRIL 2020 – SOUTH AFRICA COVID-19 TAX MEASURES and SARS PAYE BRS version 19.01 It is important that employers note the following: COVID-19 Draft Tax Bills published for public comment National Treasury and the South African Revenue Service (SARS) have published the 2020 Draft Disaster Management Tax Relief Bill and the 2020 Draft Disaster Management...
MARCH 2020 – SOUTH AFRICA COVID-19 TAX MEASURES It is important that employers note the following: Tax adjustments made in light of the National State of Disaster Exceptional tax measures have been announced by the Minister of Finance as part of the fiscal package outlined by President Cyril Ramaphosa during the 2020/2021 Budget Speech on...
MARCH 2020 – SOUTH AFRICA NEW VERSION OF SARS PAYE BRS PUBLISHED It is important that employers note the following: SARS PAYE BRS for Employer Reconciliation (2020 release) version 19.0 published The latest SARS PAYE Employer Reconciliation Business Requirement Specification (BRS) has been published. The requirements in this version of the BRS will become effective...
