PaySpace Blog for Africa

Following the promulgation of the Finance Act, 2023, the Zimbabwe Revenue Authority (ZIMRA) has released the new tax tables. The new tax tables are effective from 1 January 2024. No changes were made to the USD tax tables. Click here to acce...

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In the rapidly evolving landscape of technology, the rise of artificial intelligence has become both an opportunity and a concern for business leaders. Amidst the myriad options, Clyde van Wyk, co-founder and director at PaySpace, emphasises a key pr...

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The National Pension Scheme Authority is mandated to review the contribution ceiling and pension payments annually and adjust them in line with the change in the National Average Earnings (NAE). This is in accordance with section 35 of the National P...

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Employers in the para-public and private sectors are informed that the rate of the employer contribution, for the benefit of the National Agency for the Promotion of Employment (ANPE) has increased from 0.5% to 1% of the payroll subject to social con...

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The General State Budget (OGE) for 2024 was approved by National Assembly, in Luanda, on 13 December 2023 and enacted on 26 December 2023. According to the Ministry of Finance, the amendments to the 2024 Economic Year (OGE-2024) appears in Law No....

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The 2024 Budget Address was delivered to the National Assembly on Friday, 29th September 2023 and proposed changes include providing relief to workers by introducing a reduction in the current PAYE regime. Parliament in Zambia enacted these change...

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The Council of Ministers, under the chairmanship of the President of the Republic on 11 October 2023 examined and adopted 7 decrees to accelerate the process of implementing the Universal Health Insurance. The universal health coverage was enshrin...

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The Presidency of the Republic published 'Ordonnance No 2023-179 du 13 Septembere 2023', reforming the taxes on salary, wages, pensions and life annuities. The Director General of Taxes announced that this reform will take effect on 1 January 2024. ...

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On Thursday 30 November 2023, the National Budget of Zimbabwe was presented by the Minister of Finance, Economic Development and Investment Promotion at the Parliament. The Minister proposed to review the local currency bonus tax free threshold fr...

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According to Legal Notice No. 140 of 2020, the maximum wage limit for Eswatini National Provident Fund (ENPF) contributions will increase from E3 500.00 to E3 700.00 effective 1 January 2024. Therefore, the maximum contribution for both the employ...

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