News FlashesJanuary 4, 2022CRS News Flash 15 December 2021 – SOUTH AFRICA – Notice on COID Act, 1993

 

DECEMBER 2021 – SOUTH AFRICA
COID ACT NOTICE
It is important that employers note the following:

Notice issued by the Compensation Commissioner

The Compensation Commissioner wishes to communicate the following:

·        All employers are reminded to summit all the outstanding Return of Earnings (ROE).

Returns must be submitted through the Department of Employment and Labour’s ROE online system (cfonline.labour.gov.za) or by completing the CF-2A form (WAs8 form for ROE up to 2018) for submission via email to cfcallcentre@labour.gov.za.

·        Should employers fail to submit their ROEs, the compensation fund (CF) will perform an estimation for all outstanding ROEs before 31 January 2022 and a notice of assessment will be issued to the employer with a legal obligation to make payment.

The CF will impose a 10% penalty on the final assessment for those employers who fail to submit the ROEs by the due date.

·        Returns must be submitted through the Department of Employment and Labour’s ROE online system (cfonline.labour.gov.za) or by completing the CF-2A form (WAs8 form for ROE up to 2018) for submission via email to cfcallcentre@labour.gov.za.

·        Should employers fail to submit their ROEs, the compensation fund (CF) will perform an estimation for all outstanding ROEs before 31 January 2022 and a notice of assessment will be issued to the employer with a legal obligation to make payment.

·        The CF will impose a 10% penalty on the final assessment for those employers who fail to submit the ROEs by the due date.

·        Failure to make payment will result in interest being charged on overdue accounts.

 

To view the Government notice, follow the link.

 

Contact our legislation team at info@crs.co.za if you require any additional information. 

© 2021 CRS Technologies (Pty)Ltd. All Rights Reserved.

We use cookies to ensure that we give you the best experience on our website.