Release 5.6a is scheduled to 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 (Premier Only)
  • Ghana: SSNIT Maximum Insurable Earnings

• Lesotho (Premier/Classic)
  • Final Deduction System (FDS)        

• Nigeria: Tax Changes (Premier Only)       

  • 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: (Premier Only)
  • Tax Change for Temporary Directors

• Other Tax Countries: Amended Statutory Reports (Premier Only)
• Requests / New Features / Modifications Implemented / Items Resolved / Known Issues (Premier/Classic)