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.
The Minister of Finance, Honourable Thabo Sophonea, presented the Budget Speech for the Kingdom of Lesotho on the 2nd of March 2022. The proposed Lesotho Tax Table 2022 changes were gazetted on Friday, 8 April 2022.
The 2022/2023 Budget Statement was delivered to the National Assembly of the Republic of Malawi by the Minister of Finance and Economic Affairs on Friday, the 18th of February 2022. The proposed changes came into effect on the 1st of April after the enactment of the Taxation (Amendment) Act, 2022.
The latest on the Kenya Interest Rate Change 2021. Including details on Fridgen Benefit Tax and Low Interest Rate.
Minister of Finance, Felix Mlusu delivered the 2021/22 Budget Speech on 28th of May 2021 to the National Assembly to announce the Malawi Tax Year Changes 2021.
The Zanzibar Tax Year Changes 2021 was proposed. The Finance Act 2021 does not dictate the tax rate changes to apply to Zanzibar.
