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PaySpace highlights 2016 African tax alert announcements


Johannesburg, 03 Feb 2016

PaySpace, leader in true cloud-based payroll and human capital management/human resources (HCM/HR) software solutions, announced it has successfully rolled out the most recent detailed tax information for the 2016 financial year - relating to seven African countries - which have been released across the PaySpace platform.

Clients that have entities in these countries received comprehensive information pertaining to all of the changes.

Changes in these countries came in to effect from 1 December 2015, and through PaySpace's real-time, multi-tenant environment, was updated instantly, including details on tax tables that are already reflecting across all relevant PaySpace profiles - all of which are 100% compliant with each country's legislative tax infrastructure.

"Being able to deliver prompt system roll-out is imperative for any true cloud-based service offering," says George Karageorgiades, Head of Payroll and Compliance for PaySpace. "Delivering this sort of information - which has direct and immediate implications on HR and payroll processes, as soon as it becomes available - sets true cloud vendors apart."

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PaySpace

PaySpace is a true cloud-based payroll and human capital management software system. Developed to operate in a highly secure and operationally efficient manner, it offers multi-country, multi-language payroll and HR solutions to organisations of all sizes and industry, with an unrivalled footprint in 37 African countries. It is the first time that a single instance multi-tenant platform with automated legislative updates, niche expatriate functionality and country-specific legislative reporting exists for the African continent.

PaySpace is the only HR and payroll solution in Africa with International Organisation for Standardisation (ISO) 27001 certification - testament to PaySpace's commitment to safe and secure protection of data, and it has also been awarded the Frost and Sullivan 2015 South Africa award for Product Leadership of the Year for Enterprise Resource Planning Systems.

For more information, visit the Web site: www.payspace.com.

Editorial contacts

Talitha Utton
Craving Novity
(+27) 0 470 5900
talitha@cnhb.co.za