News FlashesFebruary 22, 2023

CRS News Flash 20 February 2023 – SOUTH AFRICA – COIDA ROE Assessment Amount and Submission Period

FEBRUARY 2023 – SOUTH AFRICA
COIDA RETURN OF EARNINGS
It is important that employers note the following:

Return of Earnings (ROE) minimum assessment and maximum earnings

In terms of Sections 82(1)(a), 83(2)(a) and 83(8) of the Compensation for Occupational Injuries and Diseases Act, the Director-General of Employment and Labour has issued a notice to announce the following:

·        For the period 1 March 2022 to 28 February 2023, the maximum earnings amount on actual earnings is R529 264.

·        For the period 1 March 2023 to 28 February 2024, the maximum earnings amount on provisional assessment is R563 520.

·        An increase in the minimum assessment amount from R1 342 to R1 443.

To view notice 1617, follow the link.

Submission of ROE
In addition, the Director-General of Employment and Labour has, in terms of Section 83(8) and 83(2)(b) of the Compensation for Occupational Injuries and Diseases Act, issued a notice to communicate the following:

·        The submission of the Return of Earnings by employers for the 2022 assessment period (financial year 2022/2023) will be open from 1 April 2023 to 31 May 2023.

·        A penalty of 10% will be charged for the late submission of the ROEs.

To view notice 1616, follow the link.

Both notices were published on 17 February 2023 through Government Gazette No. 48065.


 

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