• Low or Interest Free Loan/Debt Fringe Benefit for ZAF

    Dear X3 HR and Payroll User,

    The repurchase rate (repo rate) has decreased from 6.50% to 6.25% on 17 January 2020. As from February 2020, the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate…