PaySpace Blog for Africa

In the fast-paced world of business, payroll management is a critical function that demands accuracy, efficiency, and compliance. Late payments, legislative missteps, and tax processing errors can not only damage employee morale but also lead to seve...

Continue reading

The Finance Law N°23/056 of 10 December 2023 for the 2024 tax year has been promulgated by the President. This law is effective as of 1 January 2024. Please take note of the following changes for payroll: Modification of Article 18 de la Loi ...

Continue reading

The Annual EMP501 Submission Guideline: From your payroll software to e@syFile™ Employer As the South African financial year draws to a close, employers brace themselves for a crucial task – the Annual Employer Reconciliation Declaration, or EMP501 ...

Continue reading

On Friday, 5 January 2024, the Council (under the Ministry of Economy, Finance and Foresight) adopted a decree (Decret No 2024-0027/PRES-TRANS/PM/MEPFMFPTPS) establishing a compulsory withholding tax on the remuneration of public officials and worker...

Continue reading

Is there a more inconvenient time to lose power than at month-end? Businesses rely on crucial activities, such as payroll processing and HR functions, to keep operations running smoothly. Unfortunately, when load shedding occurs, these essential task...

Continue reading

The Minister of Employment and Labour published Government Gazette 50073 on 2 February 2024, amending Schedules 1 and 2 of the National Minimum Wage Act (NMWA), which will result in an increase in the minimum wage rates effective 1 March 2024: Eff...

Continue reading

The NSSF Act No. 45 of 2013 and Article 43 of the Kenya Constitution mandates the National Social Security Fund (NSSF) to provide social security to all workers in Kenya. This is therefore to notify all Employers, effective February 2024 payroll, of ...

Continue reading

Article 21 to 23 of Loi 031 du 29 Decembre 2023 Portant loi de Finances pour l'exercice 2024, amends the provisions of article 837 to 839 of the CGI as of 1 January 2024. Fonds d'Intervention Rurale (FIR), which is known as the Rural Intervention ...

Continue reading

Kenya's Court of Appeal has taken a significant step by putting a halt to the deductions related to the Affordable Housing Levy. This decision comes in response to ongoing legal cases that have been filed against the programme. In their ruling, a pan...

Continue reading

On Wednesday, 17 January 2024 we received a Public Notice confirming that the Social Security and National Insurance Trust (SSNIT) has increased the minimum and maximum insurable earnings for 2024. The Social Security and National Insurance Trust ...

Continue reading