Worldwide: Global Expansion Update - September 2018

Last Updated: 24 September 2018
Article by SKP  

We are pleased to present the September issue of SKP Global Updates – our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and Corporate Tax related developments globally.

The key highlights of this issue include, Minimum and Maximum National Pensions Fund (NPF) and National Savings Fund (NSF) Contribution – Notice to Employers in Mauritius, New Increase in Retirements, Pensions, and allowances in Argentina, New Compliance - Payday filing in New Zealand and Post graduate loans in UK.


Ghana VAT Rate Restructured to 12.5% and Increase in Rate has been Abandoned

It is confirmed that the rise in VAT rate has been abandoned, and has been restructured to 12.5%. The National Health Levy of 2.5% from the combined rate of 15% has been split out. The rate was increased, in the past, from 12.5% to the current 15% in January 2014.

The rise of the VAT rate from 15% to 17% has been abandoned.

Personal Income Tax Rates Amended

The Parliament of Ghana has passed the Income Tax (Amendment) Act, 2018. The Act came into force on 1st August 2018 and assented by the President on 31 July 2018.The Act was assented by the President on 31 July 2018 and came into force on 1 Aug 2018.

It has been enacted to include a sixth income tax band for individual chargeable income above GHS120,000 per annum. This band will be subject to tax at the rate of 35%. The rate applicable to a non-resident individual for a year of assessment has also been increased to 25%.


Minimum and Maximum NPF and NSF Contribution – Notice to Employers

Employers are hereby informed that the minimum and maximum basic wage on which contributions to National Pensions Fund (NPF) and National Savings Fund repayable, have been reviewed as follows:

Pay Period

Minimum Basic Wage (MUR)

Maximum Basic Wage (MUR)

For private household employees

For other employees

For all employee













Half- monthly








The effective date of the new minimum and maximum NPS/NSF contributions is 1 July 2018. Employers who have already submitted their NPF/NSF return for the month of July 2018 with the previous maximum basic wage applicable are required to submit an amended return and pay the NPF/ NSF underpaid.

For more information, click here.

Income Tax – Pay As You Earn (PAYE) Income Year 2018-2019

Recently, various changes have been made with respect to the PAYE system. Following are the significant changes as per the update.

  • Individuals having an annual net income not exceeding MUR 650,000 in an income year are now taxable at the reduced rate of 10%. Those deriving more than MUR 650,000 will continue to be taxed at 15%.
  • For determining the applicable tax rate, an employer should calculate, for each month, the average cumulative emoluments of the employee by dividing his cumulative emolument by thenumber of pay periods to which it relates. Where the average cumulative emolument in a month does not exceed MUR 50,000 the reduced tax rate of 10% should be applied and 15% when it exceeds MUR 50,000;
  • An employee may, depending on his average cumulative emoluments, suffer PAYE tax deductions at 10% in one month and 15% in another. When shifting from a tax rate of 10% to 15%, an employee will have to catch up on tax underpaid in preceding pay periods. However, a ceiling applies to limit tax deductions under PAYE in a month to 15 % of an employee's salary;

All categories of Income Exemption Threshold have increased by MUR 5,000 as follows:


Amount in Rupees

Individual with no dependent


Individual with one dependent


Individual with two dependents


Individual with three dependents


Individual with four or more dependents


Retired/disabled person with no dependent


Retired /disabled person with dependents


  • Additional IET (full form?) for children following undergraduate course;
  • Deduction of MUR 135,000 or the amount of tuition fees paid up to a maximum of MUR 175,000if the child is studying in Mauritius. MUR 200,000 if the child is studying outside Mauritius;
  • A retired person who derives emoluments not exceeding MUR 50,000 in an income year, is now entitled to claim IET category F or G, as applicable;
  • In case an individual has, in an income year, invested in a rainwater harvesting system, he may deduct from his net income, the amount spent in that income year;
  • ALL employers are required to submit an ROE (full form?) electronically, on or before 16 August 2018, and include in the ROE the details of all of their employees;Employers are no more compulsorily required to insert the Tax Account Number (TAN) of their employees in the ROE. They should instead insert the National ID number of the employee or in case of a non-Mauritian citizen, the non-Citizen ID number (NCID) issued by the Passport and Immigration Office;
  • Employers submitting their monthly PAYE (full form?) return through the Mauritius Network Services (MNS) system should submit their ROE (full form?) through that system. Other employers should submit their ROE through the system made available by MRA on its website;
  • Household employers are not required to submit an ROE in respect of the employees in their domestic service;
  • Employee Declaration form (EDF) for the income year 2018-19 is available on MRA website for download;
  • An exempt person means an employee whose emoluments in a month do not exceed MUR 23,461. An exempt person is not subject to PAYE tax deductions. However, it is to be noted that any fee paid by a company to its directors or by a statutory body to any member of its Board, Council, Commission or Committee, is subject to PAYE deduction at the rate of 15%;
  • An employee deriving emoluments less than MUR 23,461 or a person deriving any annuity or pension may, in a form approved by the Director-General, request the employer/payer to deduct income tax under PAYE from his emoluments, annuity or pension. The employer/payer must on receipt of the application deduct PAYE at the rate of 15% from the payments and remit same to MRA.

For more information, click here

To view the full article, please click here

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Related Topics
Related Articles
Up-coming Events Search
Font Size:
Mondaq on Twitter
Mondaq Sign Up
Gain free access to lawyers expertise from more than 250 countries.
Email Address
Company Name
Confirm Password
Mondaq Newsalert
Select Topics
Select Regions
Registration (you must scroll down to set your data preferences)

Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice):

  • To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
  • To enable features such as password reminder, news alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our content providers ("Contributors") who contribute Content for free for your use.

Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below.

Mondaq has a "free to view" business model. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

Details of each Contributor to which your personal data will be transferred is clearly stated within the Content that you access. For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice.

Please indicate your preference below:

Yes, I am happy to support Mondaq in maintaining its free to view business model by agreeing to allow Mondaq to share my personal data with Contributors whose Content I access
No, I do not want Mondaq to share my personal data with Contributors

Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq:

Yes, I am happy to received promotional communications from Mondaq
No, please do not send me promotional communications from Mondaq
Terms & Conditions (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Your use of the Website and/or Services constitutes your agreement to the Terms. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.

Use of

To Use you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.

You may use the Website as an unregistered user, however, you are required to register as a user if you wish to read the full text of the Content or to receive the Services.

You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. You may not use electronic or other means to extract details or information from the Content. Nor shall you extract information about users or Contributors in order to offer them any services or products.

In your use of the Website and/or Services you shall: comply with all applicable laws, regulations, directives and legislations which apply to your Use of the Website and/or Services in whatever country you are physically located including without limitation any and all consumer law, export control laws and regulations; provide to us true, correct and accurate information and promptly inform us in the event that any information that you have provided to us changes or becomes inaccurate; notify Mondaq immediately of any circumstances where you have reason to believe that any Intellectual Property Rights or any other rights of any third party may have been infringed; co-operate with reasonable security or other checks or requests for information made by Mondaq from time to time; and at all times be fully liable for the breach of any of these Terms by a third party using your login details to access the Website and/or Services

however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content.

Mondaq reserves the right, in its sole discretion, to take any action that it deems necessary and appropriate in the event it considers that there is a breach or threatened breach of the Terms.

Mondaq’s Rights and Obligations

Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors.

Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.

Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.


The Content is general information only. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. Mondaq and/or its Contributors and other suppliers make no representations about the suitability of the information contained in the Content for any purpose. All Content provided "as is" without warranty of any kind. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. To the maximum extent permitted by law, Mondaq expressly excludes all representations, warranties, obligations, and liabilities arising out of or in connection with all Content. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.


Mondaq may alter or amend these Terms by amending them on the Website. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms.

These Terms shall be governed by and construed in accordance with the laws of England and Wales and you irrevocably submit to the exclusive jurisdiction of the courts of England and Wales to settle any dispute which may arise out of or in connection with these Terms. If you live outside the United Kingdom, English law shall apply only to the extent that English law shall not deprive you of any legal protection accorded in accordance with the law of the place where you are habitually resident ("Local Law"). In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website.

No delay in exercising or non-exercise by you and/or Mondaq of any of its rights under or in connection with these Terms shall operate as a waiver or release of each of your or Mondaq’s right. Rather, any such waiver or release must be specifically granted in writing signed by the party granting it.

If any part of these Terms is held unenforceable, that part shall be enforced to the maximum extent permissible so as to give effect to the intent of the parties, and the Terms shall continue in full force and effect.

Mondaq shall not incur any liability to you on account of any loss or damage resulting from any delay or failure to perform all or any part of these Terms if such delay or failure is caused, in whole or in part, by events, occurrences, or causes beyond the control of Mondaq. Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions.

By clicking Register you state you have read and agree to our Terms and Conditions