PaySpace Blog for Africa | Page 7 of 24

18 Jan

Morocco Finance Law 2023

January 30, 2023
By PaySpace

The Moroccan government has published the Finance Law for the 2023 budget year. The following changes are affecting payroll: 1. Professional expenses deduction - increasing the rate of deduction of expenses inherent to the function or employment f...

16 Jan

Article

Namibia Tax Changes 2022-2023 tax deduction limit increase

January 30, 2023
By PaySpace

The Income Tax Amendment Act,2022 (Act No.13 of 2022) was promulgated through Government Gazette No.7992. The Act amends Section 17 of the Income Tax Act of 1981. Accordingly, the maximum allowable tax deduction limit for employee contributions to...

13 Jan

Article

Ghana SNNIT minimum and maximum contributions

October 2, 2023
By PaySpace

In line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651), the National Tripartite Committee (NTC) concluded negotiations on the determination of the 2023 National Daily Minimum Wage. As of 01 January 2023, the new National Daily Minimum Wag...

10 Jan

Article

Zambia NAPSA Ceiling Update

October 2, 2023
By PaySpace

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...

09 Jan

Article

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 January, February and March 2023 is ZWL 500 966.00 Click...

09 Jan

Article

Egypt Social Security Minimum and Maximum Limit Increases

October 2, 2023
By PaySpace

The Social Insurance and Pension Law no. 148 of 2019 mandates a 15% increase on the minimum and maximum salary limits on which the social security contributions are calculated. This increase is effective 1 January every year for a period of seven yea...

04 Jan

Legislation

eSwatini ENPF Rate Increase

January 4, 2023
By PaySpace

The eSwatini National Provident Board resolved that the ceiling amount of wages for the purposes of the payment of statutory contributions to the Fund be increased from E3 300.00 to E3 500.00. Therefore, the maximum contribution for both the employee and employer is E350.00 per month.

13 Dec

Payroll

A Business Tax Calculator in South Africa for 2023

December 13, 2022
By PaySpace

Why would you need a business tax calculator? Owning a business is one of the most rewarding and challenging prospects in life. While you reap the benefits, there are drawbacks such as complicated tax payments. Tax is however unavoidable and should b...

12 Dec

Article

Payroll Reports: What You Need to Know

September 12, 2023
By PaySpace

Unfortunately, payroll reports are not as simple as paying your employee a salary. There are a variety of documents, reports, and calculations that need to be completed in order to comply with payroll requirements. In this article, we will discuss pa...

14 Nov

Announcements, Article

PaySpace celebrates 20 years – This is our story

March 4, 2024
By PaySpace

PaySpace celebrates 20 years! The four founders embarked on the challenge to consistently innovate through technology and disrupt the market, which is still a core mandate today.