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South Africa

Home » Archive by Category "South Africa"
RSA Interest Rate Change
03 Feb
Announcements, News, South Africa

RSA Interest Rate Change

  • Feb 3, 2023
  • By author-avatar PaySpace
The “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.25% with effect from 01 February 2023. Click here for the SARS official document. Interest Rate Increase Where a loan i...

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Small business tax in South Africa
24 Oct
South Africa

Small Business Tax in South Africa: What You Need to Know

  • Oct 24, 2022
  • By author-avatar PaySpace
Small business tax in South Africa can be a pain. Even though we all hate thinking and speaking about tax, the reality is that it is something we cannot avoid. SARS might be viewed as the bad guy but they have actually implemented a system to help sm...

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UIF Contribution Ceiling Increase
01 Jun
Legislation, South Africa

South Africa | UIF Contribution Ceiling Increase: June 2021

  • Jun 18, 2021
  • By author-avatar PaySpace

An increase in the UIF contribution ceiling has come into effect, effective 1 June 2021, your employees will be required to contribute 1% of their remuneration to the UIF, up to the new limit of R17 712 per month.

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