11 Aug

Zanzibar | Skills Development Levy Amendments July 2023

March 19, 2025
By PaySpace

As per the Finance Act 2023, passed by the House of Representatives of Zanzibar on 21 June 2023, the Vocational Training Levy has been amended in section 27 of the Vocational Training Act, No. 8 of 2006, effective 01 July 2023. These amendments are ...

20 Jul

Article

Tanzania | Skills Development Levy Amendments July 2023

March 19, 2025
By PaySpace

The Finance Act 2023 was published on 30 June 2023 amending the Vocational Education and Training Act.The following SDL amendments are effective 01 July 2023:• The SDL levy has been decreased from 4% to 3.5%• The Minister responsible for finance may,...

20 Jul

Article

Madagascar | Minimum Wage Update effective January 2023

April 9, 2025
By PaySpace

On the 14th of June 2023, the Madagascar Ministry of Labour, Employment, Public Service and Social Laws published Decree No. 2023 - 563, fixing the minimum wages for hiring and seniority by professional category and the minimum monthly remuneration.T...

06 Jul

Article

Mauritius | NSF Ceiling July 2023

March 19, 2025
By PaySpace

As per the MRA, the minimum and maximum basic wage or salary on which contributions to the National Savings Fund (NSF) are payable, has been adjusted as from 01 July 2023. Click here for more details. NSF Ceiling July 2023 The NSF Minimum and Ma...

12 Jun

Article

Global Payroll Association Awards 2023

June 12, 2023
By PaySpace

Global Payroll Association Awards 2023 It is with great pride that we share the news of two international awards we have received. In 2019, we were the first African business to win 'Payroll Software Supplier of the year' at the annual Global Payr...

01 Jun

Article

South Africa | Interest Rate Change June 2023

April 9, 2025
By PaySpace

South Africa Interest Rate ChangeThe “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.50% with effect from 01 June 2023.Click here for the South African Reserve Bank website.Int...

17 Apr

Article

Malawi | New Tax Tables 2023/2024

March 25, 2025
By PaySpace

The Minister of Finance and Economic Affairs in his Budget Statement to Parliament in March 2023, announced new measures for Domestic Taxes.The measures became effective April 2023, following the publication of the Taxation (Amendment) Act.The follow...

17 Apr

Article

Navigating the tax increase in 2023

March 19, 2025
By PaySpace

As a business, navigating every new tax increase that is enforced can be time-consuming and difficult. However, if you missed the Nation Budget Speech, or have forgotten what was announced, we've got you covered! In this article, we will discuss some...

17 Apr

Payroll

Payroll Laws and Updates

August 4, 2024
By PaySpace

Payroll is a complicated and extremely important aspect of a business. Unfortunately, it is not something that remains constant. There are regular updates to existing legislation and new payroll laws that come into play. While this can be daunting, ...

13 Apr

Article, Zanzibar

Zanzibar | ZSSF Employer Contribution Increase January 2023

April 9, 2025
By PaySpace

The Written Law (Miscellaneous Amendment) Act No.10 of 2022 assented on 22 December 2022, amended the Zanzibar Social Security Fund Act, No.2 of 2005 by increasing the total monthly employer contribution from 13% to 14%, effective January 2023. Th...