• Important: RSA Low or Interest free Loan/Debt Fringe Benefit - Effective August 2020

    Dear X3 HR and Payroll User, 

    The repurchase rate (repo rate) has decreased from 3.75% to 3.50% on 24 July 2020. As from August 2020, the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’.…