Release 5.6a is scheduled to be deployed on 9 March 2021 and will be available as from 10 March 2021, which will include the latest tax tables for 2021/2022 for South Africa.
Release 5.6a will also include:
- RSA: Tax Related Changes Affecting the System
- Tax Table Changes 2021/2022
- Subsistence Allowances and Advances
- Table for Calculation of Rate per km/Travel Allowance
- Low or Interest-Free Loans/Debts
- Cumulative Exemption for Retirement Fund Benefits and Severance Benefits
- Value of ‘B’ in the Residential Accommodation Fringe Benefit Calculation
- PAYE Withholding on Annuities/Pension
- Reimbursements/Advances for Business Travel on Day Trips
- Exempt Bursaries/Scholarships
- Ghana
- Ghana: SSNIT Maximum Insurable Earnings
- Lesotho
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- Final Deduction System (FDS)
-
Nigeria: Tax Changes
- Statutory Changes
- Definition of Gross Income
- Exemption of Minimum Wage Earners
- Pension Contributions
- Life Assurance Deduction
- Tax Exemption for Compensation for Loss of Employment
- System Changes
- Definition Screens
- Total Income (TI)
- Gross Income (GI)
- Tax Calculation Screen Changes
- Tanzania:
- Tax Change for Temporary Directors
- Other Tax Countries: Amended Statutory Reports
- Requests / New Features / Modifications Implemented / Items Resolved / Known Issues