Tax Alert: Zambia

Zambia: Budget Changes The purpose of this notice is to highlight that the Minister of Finance in Zambia, the Honourable Margaret D. Mwanakatwe, delivered her 2019 budget speech on the 28th of September 2018 to the National Assembly. Amongst other matters, the Minister addressed the tax bands applied to employment income, which remain unchanged. The…
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2019 Africa Salary Increase Recommendations

          We are rapidly approaching that time of the year where Compensation and Benefits practitioners are required to magically conjure up proposed salary increases for the budget cycle, for the African countries within which they operate. Our preliminary research for our annual Africa Salary Increase Recommendations report, which covers 40 African…
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CHANGES TO SOCIAL SECURITY (Angola)

Presidential Decree no. 227/18, of 27 September 2018, has introduced new regulations regarding contributions to the Mandatory Social Protection. The primary change relates to the inclusion of additional pay elements in the calculations. In the past, the social security contributions were calculated on gross remuneration. This Decree dictates that when calculating the contributions, gross remuneration…
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SALARY INCREASES FOR 2019

“Mary, what salary increase forecast should we incorporate into the 2019 budget?” This question strikes terror into any HR management team and is a clear indication that the salary increase cycle has commenced in earnest. Unfortunately, in order to forecast next year’s annual salary increase, some predicting is necessary. As we all know, with any…
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