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06
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RSA Interest Rate Change
The “official rate of interest” for calculating the taxable benefit on low interest or interest-free loans has increased by 0.50% with effect from 01 June 2022.
06
Jun
Malawi interest rate for loans
Paragraph 5(e) of the Fringe Benefits Tax Regulations stipulates that where an employer provides a loan to an employee at an interest rate lower than the applicable commercial rate, the resulting interest difference be recognised as a fringe benefit.
30
May
White-Label HR Software: A Brief Explanation
White-label HR software is a term used to describe a business purchasing a product (in this case HR software) and re-labelling it as their own. They can typically resell this product as their own or make use of it internally. Within HR and payroll so...