The eSwatini National Provident Board resolved that the ceiling amount of wages for the purposes of the payment of statutory contributions to the Fund be increased from E3 300.00 to E3 500.00. Therefore, the maximum contribution for both the employee and employer is E350.00 per month.
As per the changes in the DT0107a report, there was a requirement on pension to carry the excess contributions calculated on Tier 1 and Tier 2, to Tier 3.
Enhancements have been made to cater for this. Please refer to the sections below for more information. This is applicable to the Ghana SSNIT Contribution Calculations.
Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference be recognised as a fringe benefit.
Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference be recognised as a fringe benefit.
The Institution de Prévoyance Retraite du Sénégal announced an increase in the ceiling on which IPRES contributions are based. The increase is effective 1 April 2022.
