01 Dec

South Africa | Official rate of interest change December 2025

December 9, 2025
By Deel Local Payroll

The South African Reserve Bank (SARB) has published an update to the repo rate, which impacts the official rate of interest for calculating the taxable benefit on low-interest or interest-free loans. The new rate is effective from 1 December 2025. ...

12 May

Article, Legislation, South Africa

South Africa | SARS PAYE BRS Changes for the 2025/2026 Tax Year

September 8, 2025
By Deel Local Payroll

SARS has released version 24.0.0 of the PAYE Business Requirements Specification (BRS), which outlines the rules for generating tax certificates and reconciliations. The updated BRS applies to all employers submitting PAYE retu...

08 Apr

Article, South Africa

South Africa | Employment Tax Incentive Update April 2025

November 11, 2025
By Deel Local Payroll

As part of the 2025 Budget Review, the Minister of Finance announced updates to the Employment Tax Incentive (ETI) aimed at supporting youth employment while ensuring continued affordability for employers. In terms of section 7 of the Employment T...

07 Apr

Article, South Africa

South Africa | OID Earnings Threshold Update March 2025

November 11, 2025
By Deel Local Payroll

The Minister of Employment and Labour published a Government Notice increasing the OID earnings threshold as follows: from R597 328.00 per annum (limit for 202...

07 Mar

Legislation, South Africa

South Africa | Payroll Amendments

November 6, 2025
By Deel Local Payroll

The 2025 Budget Speech is now scheduled for 12 March 2025, when updates, including the personal income tax tables, will be announced. However, some payroll-related changes based from recently published legislation have already ...

03 Feb

Article, South Africa

South Africa | Official Rate of Interest Change February 2025

September 8, 2025
By Deel Local Payroll

The “official rate of interest” for calculating the taxable benefit on low-interest or interest-free debt will decrease by 0.25% with effect from 01 February 2025. For more info...

22 Feb

Article, South Africa

South Africa | RSA Budget Speech 2023

August 14, 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.

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...

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