Compliance Blog Archives

17 Jan

Tunisia Tax Tables and Rates January 2025

January 20, 2025
By PaySpace

The Official Gazette of the Republic of Tunisia (Issue No. 149, dated 10 December 2024) has published Law No. 48-2024, enacted on 9 December 2024, detailing the Finance Law for 2025. Key payroll tax measures introduced in the 2025 Finance Law incl...

16 Jan

Compliance Blog, Gambia

Gambia Tax Table Update

January 20, 2025
By PaySpace

On 13 December 2024, the Honourable Seedy K.M. Keita, Minister of Finance and Economic Affairs, delivered the 2025 National Budget to the National Assembly. The approval process by the National Assembly concluded on 16 December 2024. The tax-free ...

14 Jan

Compliance Blog, Eswatini

Eswatini ENPF Rate Increase January 2025

January 20, 2025
By PaySpace

According to Legal Notice No. 5 of 2025, the contributions for the Eswatini National Provident Fund (ENPF) will be based on a higher maximum wage limit every year for five years, effective 01 January 2025. Therefore, effective 01 January 2025: ...

13 Jan

Compliance Blog, Rwanda

Rwanda Pension Reforms

January 20, 2025
By PaySpace

The government of Rwanda has announced revised contribution rates for the mandatory pension scheme, as outlined in Presidential Order No. 086/01 of 12 December 2024 (the Presidential Order). The Presidential Order was published in the Official Gazett...

10 Jan

Compliance Blog, Zambia

Zambia 2025 NAPSA Ceiling Increase

January 20, 2025
By PaySpace

The National Pension Scheme Authority (NAPSA) conducts an annual review of the contribution ceiling and pension payments, aligning these with changes in the National Average Earnings (NAE), as required by Section 35 of the National Pension Scheme Act...

10 Jan

Compliance Blog, Morocco

Morocco Tax Tables and Rate Update January 2025

January 20, 2025
By PaySpace

On 19 December 2024, the Finance Law (Law n°60.24) for the 2025 budget year was published in Official Bulletin No. 7362, following its approval by both Houses of Parliament. The key changes impacting payroll are as follows: Exemptions for sup...

06 Jan

Compliance Blog, Egypt

Egypt Social Security Minimum and Maximum Salary Limit Increases

January 20, 2025
By PaySpace

Egypt Social Security Minimum and Maximum Salary Limit Increases: The Social Insurance and Pension Law no. 148 of 2019 and its Executive Regulations No. 2437 of 2021 mandates a 15% increase in the minimum and maximum subscription wage limits used to ...

02 Jan

Compliance Blog, Zimbabwe

Zimbabwe Local Tax Table Update 2025

January 20, 2025
By PaySpace

The Zimbabwe Finance (No. 2) Act, 2024 was officially gazetted on 13 December 2024. Key payroll-related updates include an increase in the local currency tax-free threshold, increasing it to ZWG 33 600.00 per annum, and a revision of personal inco...

02 Dec

Article, Compliance Blog, South African Blog

South Africa Official Rate of Interest Change

January 5, 2025
By PaySpace

The “official rate of interest” for calculating the taxable benefit on low-interest or interest-free debt in South Africa, will decrease by 0.25% with effect from 01 December 2024. For more information, click here to view the current market rates ...

02 Dec

Article, Compliance Blog, Mauritius Blog

Mauritius Portable Retirement Gratuity Fund (PRGF) Contribution Percentage

December 19, 2024
By PaySpace

The Mauritius Portable Retirement Gratuity Fund (PRGF) contribution is based on the employee's monthly remuneration, which includes total basic wage, productivity bonus, attendance bonus and payment for extra work performed. From January 2022 to D...