Legislative Changes for South Africa

CPI Newsflash header tax changes for 2022

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 […]

Zimbabwe Tax Update – 2022

PAY AS YOU EARN (PAYE) FOREIGN CURRENCY TAX TABLES FOR JANUARY TO DECEMBER 2022 Here are the latest tax updates for Zimbabwe Revenue Authority.

Ghana Tax Updates – 2022

  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 […]

RSA – Budget Speech 2022 – 2023

On the 23rd of February 2022, the Minister of Finance, Mr Enoch Godongwana, delivered the National Budget Speech 2022 in Parliament.   Given the revenue improvement, the government proposes R5.2 billion in tax relief to help support the economic recovery, provide some respite from fuel tax increases and boost incentives for youth employment. Most of the [...]

COVID-19 and employee sick leave

CPI World - COVID-19 & sick leave

The third flurry of the Covid-19 pandemic is causing more and more people to become ill at the time. This also means that it is not only hospitals that are currently overcrowded, but also that there are significantly more people currently trying to face the virus at home. It also has consequences for South African […]

TERS Funding – Final Payment Letter

May 2020 | TERS Funding – Final Payment Letter The Department of Employment and Labour has been circulating a letter to employers who have received TERS benefits on behalf of its employees as a declaration of what the total payments made to employees consisted of.The  purpose of this letter is to determine whether employees received an […]

RSA – COIDA Deadline Extension

May 2020 | RSA – COIDA Deadline Extension The deadline for the submission of the 2019/2020 annual Return of Earnings has been postponed from 31 May 2020 to 30 June 2020.    Click here for the document issued to Employers by the Compensation Fund for the exemption from penalty, interest for late payments and 20% deposit for installment arrangements. System Impact […]

Business Update and all the new Level 4 rules

Yesterday all the Lockdown Level 4 do’s and don’ts for South Africans were set out, including an unexpected U-turn government made on the sell of cigarettes. Go read the full article as published by Business Insider by clicking here

The back-to-work rules

With South Africans slowly returning to work with the country moving into Lockdown Level 4, there are official requirements that employers should adhere to. These include providing employees with at least two masks and monitoring bathrooms to ensure social distancing. Go read the full article as published by Business Insider on all the back-to-work rules […]

COVID-19 Tax Measures Update

Apr 2020 | RSA – COVID-19 Tax Measures Update President Cyril Maphosa announced additional Tax relief measures on Tuesday night 21 April 2020. Questions remain about how it will be implemented and from which date these changes will be effective.  All changes announced by the President has not been Gazetted yet. The changes are expected […]