06 Apr

Zimbabwe NSSA Ceiling Increase

October 2, 2023
By PaySpace

In terms of Statutory Instrument 64 of 2022, gazetted on 01 April 2022, the monthly insurable earnings ceiling is now reviewable quarterly. The insurable earnings ceiling for the months of April, May and June 2023 is ZWL 518 239.00. Click here to...

06 Apr

Article

Lesotho Tax Tables Update

October 2, 2023
By PaySpace

On 24 March 2023, The Minister of Finance published the Income Tax (Amendment of Monetary Amounts) Regulation (Legal Notice No.23 of 2023), containing the new tax rates effective 1 April 2023: • the tax credit has been adjusted from M10 560.00 to M1...

03 Apr

Article

South Africa Official Rate of Interest Change

April 6, 2023
By PaySpace

The South Africa official rate of interest or “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 April 2023. Click here for the South African Reserve Ba...

29 Mar

Article

What to Expect From the SARS Interest Rates in 2023

August 4, 2024
By PaySpace

If you were hoping that the SARS interest rates for 2023 would be better than those in 2022, then we hate to disappoint you. While they do remain high and SARS (The South African Revenue Service) has increased their interest rates, it is important to...

29 Mar

Article

EMP501 Submission Dates and More

August 4, 2024
By PaySpace

If you have a company with employees, then you will be required to submit an EMP501 reconciliation form. It is extremely important that you do this submission correctly, and do not miss the due date on this submission. In this article, we will cover ...

20 Mar

Article

Payroll and HR Support and Service You Need When You Need It!

March 22, 2023
By PaySpace

Get the Payroll and HR Support and Service You Need When You Need It! As a business owner, you know that payroll and HR are crucial parts of running a successful company. However, these tasks can be time-consuming, complicated, and prone to errors. ...

27 Feb

Article

Find the Right Tax Year-End Solutions for Your Business

August 4, 2024
By PaySpace

Running a business is stressful and challenging enough, never mind the added complication of tax and ensuring your tax year-end runs smoothly. However, in order to ensure your business complies with legislation and does not get into trouble, it is im...

24 Feb

Article

Using a SARS Tax Calculator in 2023

August 4, 2024
By PaySpace

What is the use of a SARS Tax Calculator in 2023? It is nearing that time of the year again. SARS is knocking on our doors and we have to ensure that we have all of our ducks in a row and pay our Taxes for 2023. It can be daunting to calculate and ma...

22 Feb

Article, South Africa

South Africa | RSA Budget Speech 2023

April 9, 2025
By PaySpace

The Minister of Finance, Mr. Enoch Godongwana, delivered his inaugural National Budget Speech 2022 in Parliament on 23 February 2022. We’re bringing you all the information you need, including the Ministers speech, key documents relating to the budget, and an easy-reference Budget Speech Highlights infographic.

17 Feb

Article, Kenya

Kenya | NSSF Contribution Increase February 2023

April 9, 2025
By PaySpace

Following the ruling of the Court of Appeal on the NSSF Act No. 45 of 2013, the National Social Security Fund (NSSF) has asked all employers to immediately comply with the court verdict that allowed an increase in monthly contributions to take effect...