Dear X3 HR and Payroll User,
The Minister of Employment and Labour published Government Gazette 43203, increasing the OID earnings threshold to R484 200 per annum with effect from 1 March 2020 (2020/2021 year of assessment).
Included in the patches is the updated OID earnings threshold (effective 1 March 2020) and the updated interest rate (effective 1 April 2020).
- Variable OID_LIMIT updated to 484 200 effective 1 March 2020
- Variable INT_RATE updated to 6.25 effective 1 April 2020
Version 9
Create a new “valid from” date 01/03/2020 and 01/04/2020 if it is not already done by copying the latest values. This must be done before integrating the pay plan patch, to ensure all other statutory values are created for the new dates
Please see the following
- V9_ZAF STAT Pay Plan_R19: Pay Plan Extract excel document
Version 12
Create a new “valid from” date 01/03/2020 and 01/04/2020 if it is not already done by copying the latest values. This must be done before integrating the pay plan patch, to ensure all other statutory values are created for the new dates.
Please see the following
- V12_ZAF STAT Pay Plan_R3_2020: Pay Plan Extract excel document
You may request the pay plan patch from our support team for installation
Kind Regards
X3 HR and Payroll Support Team