Posts with Category "Tax Rates"

Monetary Policy Committee Increases Official Interest Rate

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The Monetary Policy Committee have increased the repo rate with effect from 25 March 2022. This will affect the SARS official interest rate which is applied to employer loans from 1 April 2022

Official Interest Rate Change for Employer Loans

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The South African Reserve Bank has announced an increase to the repurchase rate, effective from 19 November 2021. You can read about how this increase will effect the SimplePay system in this blog post.

Updates in SimplePay for the 2020/2021 Tax Year

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With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 26 February 2020. You can continue processing as usual and no special year-end procedures are required.

Updates in SimplePay for the 2019/2020 Tax Year

    2 minute read    

With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 20 February 2019. You can continue processing as usual and no special year-end procedures are required.

Updates in SimplePay for the 2018/2019 Tax Year

    2 minute read    

With SimplePay you’re always compliant! We’ll update our system with the tax changes announced in the budget speech on 21 February 2018. You can continue processing as usual and no special year-end procedures are required.

Updates in SimplePay for the 2017/2018 Tax Year

    2 minute read    

With SimplePay you’re always compliant! We’ve already updated our system with the tax changes announced in the budget speech on 22 February 2017. You can continue processing as usual and no special year-end procedures are required.

Updates in SimplePay for the 2016/2017 Tax Year

    1 minute read    

We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year.   As from 01 March 2016, your payroll will automatically meet all the requirements for the 2016/2017 period, as announced in the 2016 Budget Speech on 24 February 2016.

Updates in SimplePay for the 2015/2016 Tax Year

    1 minute read    

We are pleased to announce that SimplePay clients are once again some of the first to be informed of the relevant changes for the new tax year. As from 01 March 2015, your payroll will automatically meet all the requirements for the 2015/2016 period, as announced in the 2015 Budget Speech on 25 February 2015.

Changes in SimplePay for the 2014/2015 tax year

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We are pleased to announce that all SimplePay clients can now see what the changes are that have been made to SimplePay for the 2014/2015 financial year. As from 01 March 2014, your payroll will automatically meet all the legislative requirements, as announced by Pravin Gordhan, the Finance Minister in South Africa.

SimplePay is ready for the 2010 / 2011 tax year

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We’re pleased to announce that our clients and their employees can now see how their payroll will change in the new tax year. Payslips that fall in the 2010 / 2011 tax year will automatically meet the new legal requirements, while your payslips for the current tax year will still be calculated according to the current tax year’s rules, as you’d expect.