24 Feb

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...

03 Feb

Announcements, News, South Africa

South Africa | RSA Interest Rate Change February 2023

April 9, 2025
By 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...

26 Jan

Article

PaySpace Announces Sponsorship of A1Padel PaySpace Cape Town Master in Cape Town – The Fastest Growing Sport Meets the Fastest Growing Payroll & HR Solution

May 13, 2025
By PaySpace

We are excited to announce that PaySpace will be the title sponsor for the upcoming A1Padel PaySpace Cape Town Master 2023 world tour event kicking off in Cape Town, South Africa. Taking place from February 13th to 19th, the tournament will feature ...

18 Jan

Article, Zimbabwe

Zimbabwe | Finance Act Changes January 2023

April 9, 2025
By PaySpace

Following the promulgation of the Finance (No. 2) Act, 2022, the ZWL tax threshold has increased from ZWL 900 000.00 to ZWL 1 100 000.00 along with consequential amendments to the tax bands, with effect from 01 January 2023. No changes on USD tax ...

18 Jan

Article

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...