New tax rates, credits, tax-free bonus payments, and deductions are announced in the Budget statement made by the Ministry of Finance towards the end of each year. These become effective from 1 January of the next year.
It is important to set up the tax tables and tax parameters correctly in order for the correct calculation of PAYE.
For payrolls in USD exclusively and Multi-Currency (USD and RTGS combined), use USD Tax Tables. For payrolls in RTGS, use RTGS Tax tables.
For more information see:Tax Tables
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