Don’t be caught off guard. The “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.75% . The new rate will be effective from 01 October 2022. Click here for the full SARS official document.
This year the submission period for SARS TAX Filing Season opens on 19 September 2022 and closes on 31 October 2022 for the Employer Interim Reconciliation Declaration (EMP501). Get ahead of schedule to avoid any administrative penalties. During this time, you are required to submit the first six months of the Reconciliation Year (1 March 2022 to 31 August 2022) before the […]
On 23 February 2022, the Finance Minister, Mr Enoch Godongwana, delivered the South African National Budget Speech, which gave effect to the following changes: Tax Rates Tax Rebates Tax Thresholds Medical Scheme Tax Credits Corporate Income Tax and PSP Rates An expansion of the employment tax incentive, through a 50% increase in the maximum monthly value, to […]
PAY AS YOU EARN (PAYE) FOREIGN CURRENCY TAX TABLES FOR JANUARY TO DECEMBER 2022 Here are the latest tax updates for Zimbabwe Revenue Authority.
Here are the latest tax updates for Ghana Revenue Authority which has two sections: Section 1: Pay As You Earn (PAYE) Pay As You Earn: It is a tax deducted from an employee’s income and is paid by an employer on behalf of the employee. The tax is charged on all income of an […]
The new minimum wage rates and guaranteed wage increases published herein are based on the MIBCO Main Collective Agreement (Main Agreement), Gazette 44289 of 18 March 2021. Notice no. R.220. These wages rates will become effective on Wednesday 01 September 2021 and shall remain in place for the period up to 31 August 2022. Click here for the Main Agreement […]
Following the week of civil unrest earlier in July that resulted in extensive damage to property and the loss of businesses and jobs, the President announced in his speech on 25 July 2021, a range of tax relief measures to support the recovery of the economy and provide relief to the poor and those who […]