New PAYE tables and new taxes commence

The widely conversed Income Tax Act (Amendment) 2021 was enacted into law and published through the Government Gazette of Friday, 14 May 2021. The law was assented to by His Excellency, the President, Dr M Masisi on 29 April 2021 and per a Government Gazette dated 4 June 2011, the Act commences as from 1 July 2021. As a tax firm, we intend to demystify the technical jargon applicable to the issue at hand and enhance your understanding of tax matters.

New PAYE Tables

The exemption threshold for PAYE will increase and reduce PAYE or Personal Income Tax for all individuals. Previously, individuals earning P3 000 per month were not required to pay tax but with the new law, this threshold shall increase to P4 000 per month.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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