Submit your Return of Earnings online on or before the 30th April 2013 and qualify for the following incentives:
– 10% discount on assessments settled within 30 days.
– 5% discount on assessments settled within 60 days.
– 2% discount on assessments settled within 90 days.
This also gives employers an amnesty to submit all outstanding return of earnings not submitted for the last 4 years.
Interest and penalties will not be levied until 30 June 2013.
IMPORTANT NOTICE TO ALL REGISTERED COIDA EMPLOYERS
LETTERS OF GOOD STANDING
Please be informed that with immediate effect, letters of good standing will be issued only to employers who meet the following criteria:
1. Employer must be registered with the Fund as per section 80 of the COIDAct,
2. Employer must have submitted all returns of earnings as per section 82 0f the COIDAct,
3. Employer must be fully assessed as per section 83 of the COIDAct,
4. Employer must have paid/ settled all outstanding debt as per section 86 of the COIDAct.
Employers that have not yet been assessed by the Compensation Fund will first be assessed, up to the current assessment year, and are expected to pay all assessments in order to meet the criteria set out above. This process will also assist the Fund in finalising all assessment backlogs.
Letters of good standing will also be issued on a month-to-month basis to employers that have entered into an instalment arrangement. (Refer to conditions on instalment settlements).
For effective and efficient service, employers are encouraged to make use of the online facility and register on the ROE Website (www.labour.gov.za)
Please be informed that with effect from 1 January 2013:
1. 20% of the balance owed will be required upfront in order to enter into an instalment arrangement.
2. The installment arrangement will be approved for a maximum period of 12 months.
3. Interest of 10% will be levied on all installment arrangements.
4. Should the installment fall overdue, the full balance becomes payable immediately.
5. Employers will be served with court orders for all instalments not honoured.
Please be informed that with effect from 1 January 2013, The Compensation Commissioner will issue tender letters under the following condition:
1. Tender letters will be issued to businesses that have no employees.
2. Employers that have been operating businesses without having registered with the Compensation Fund are not eligible to apply for tender letters.
3. Tender documents must be produced to the Compensation Fund in order to qualify for an issue of a tender letter.
4. The tender letter will be addressed to the Company issuing the tender.
5. The tender letter will be issued for a specific tender.
6. The responsibility to register the successful bidder with the Compensation Fund is now transferred to the company issuing the tender.
CRIMINAL PROCEEDINGS WILL BE INSTITUTED AGAINST BUSINESSES THAT UNLAWFULLY OR INTENTIONALLY DEFRAUDS AND/OR MISREPRESENT FACTS ABOUT THEIR EMPLOYMENT STATUS.