South African business owners and payroll departments, take note! The Department of Labour has amended the Compensation for Occupational Injuries and Diseases Act (COIDA) threshold or ceiling for the purposes of calculating assessments.
Government Gazette 48065 was published on 17 February 2023 and states that from 1 March 2022 to 28 February 2023 the threshold is R529 264 per annum, while from 1 March 2023 to 28 February 2024, the increased threshold is R563 520 per annum.
Please note: The minimum assessment for employers is R1 443, and the minimum assessment for private domestic employers is R498.
Employers, don’t forget – the Return of Earnings (ROE) submission to the Department of Labour is due no later than 31 May 2023.
Make sure this important task isn’t overlooked and get your submissions in on time as a penalty of 10% will be charged for the late submission of ROEs according to the latest Government Gazette.