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A patch file has been deployed for Sage Business Cloud Payroll Professional Release 6.2a on 22 April 2024.
The following message will display on the Payroll Subscription screen:
What is included in the patch file?
The patch file includes:
…
The 2024/2025 Income Tax Amendments for Lesotho have been passed into law as per Regulation no. 25 of 2024.
Lesotho Income Tax (AMA) Regulations No.25 of 2024.pdf
The amendments are as follows:
Increase in the tax credit from M10 824 (M902 per…
The Director General of Employment and Labour published a Government Notice (notice 2390 of 2024, published 27 March 2024), increasing the OID earnings threshold from R568 959 per annum to R597 328 per annum effective 1 March 2024 (2024/2025 year of assessment…
The Lesotho Minister of Finance and Development Planning delivered the 2024/2025 Budget Speech on 21 February 2024.
Click here to view the details of the speech.
The following change(s) have been proposed during the budget speech:
Adjustments…
The South African Revenue Authority (SARS) has a published the prescribed rate per kilometre and the cost scale used for the purpose of Calculating a Travel Allowance. The changes are as follows:
Vehicle Lookup for the Purpose of Calculating a Travel…
South Africa's Finance Minister Enoch Godongwana delivered the highly anticipated 2024 Budget Speech on 21 February 2023, detailing the government's strategies for managing the country's finances in the upcoming fiscal year.
Some key points of the speech…