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Do your employees make monthly provision for their tax on annual bonus?
If so, please check their year-to-date bonus provision before making any annual bonus payments this December.
Why is it important?
You want to establish that they haven’t under…
The following information has been published/updated:
UIF contribution limit increase:
The Minister of Finance has published a new Draft Notice where the effective date of the increase to the UIF contribution limit (R17 712 per month) has been postponed…
The Taxation Laws Amendment Act, 2020 and the Tax Administration Laws Amendment Act 2020 were published on 20 January 2021.
The document explains the most important payroll related amendments according to these Acts.
All changes are effective March…
A new report template has been made available for download. Ensure that your directory is on Release 5.5a before downloading the patch file. The zip file contains the report files and information document.
Please click here to visit the software downloads…
Proposed changes, that will affect the PAYE tax, have been announced but not yet promulgated.
Click here to view the Zimbabwe Mid-term Budget & Economic Review Statement .
These proposed changes include the following:
Proposed Tax Table
Two…
Some companies allow employees to elect to pay extra tax toward the bonus throughout the year, and not only when they receive their bonuses.
This feature is called Provision for Tax on Annual Bonus and requires the user to ensure the provision for tax…
The following information has been released on the Treasury website, related to the budget speech for the 2019/2020 tax year:
Budget 2019
The Minister of Finance, Hon. Tito Titus Mboweni will table the 2019 Budget in Parliament on 20 February 2019…
Some companies allow employees to elect to pay extra tax toward the bonus throughout the year, and not when they receive their bonuses.
This feature is called Provision for Tax on Annual Bonus and requires the user to ensure the provision for tax amounts…