Get Compliant from Anywhere, Easy and Fast!
Get Compliant from Anywhere, Easy and Fast!

COIDA Return of Earnings
in 3 Days

Submit your COIDA Return of Earnings at the Workmans Compensation Fund
Only R590 once-off.
Discounted COIDA Packages available with Letter of Good Standing.

Register Now OR Get Free Consultation

The Compensation for Occupational Injuries and Diseases (COID) Act requires all employers to complete COID submissions annually, known as a Return of Earnings (ROE) or W.As.8, of annual earnings to the Compensation Fund each year. This amount, combined with the category in which the business is registered, will determine the amount payable by the employer to the Compensation Fund.

 

Submit your COIDA Return of Earnings today and ensure your Employees are Covered.

Get your company COIDA Return of Earnings with these great inclusions:

COIDA Return of Earnings

R590 Once-Off

NB: The ROE service is for the submission only. It does not include the amount payable (assessment fees) to The Compensation Fund.

coid submissions have never been easier. Contact Company Partners and get free consultation

Our Premium Discounted COIDA Packages

Select the COIDA Submissions package that works for you.

LOGS & ROE Package
R 1290

R1580

  • Return of Earnings Submission
  • COIDA Letter of Good Standing
  • Main Requirement: COIDA Registration Number
  • Timeframe: 1-Week
  • Free Optional Services Included: BEE Affidavit, Tender Assistance, Start-up Training
COIDA Combo
R 2190

R3370

  • COIDA Registration
  • Return of Earnings Submission
  • COIDA Letter of Good Standing
  • Main Requirements: (1) ID Number / Passport; (2) Company Registration
  • Timeframe: 2-Weeks
  • Free Optional Services Included: BEE Affidavit, Tender Assistance, Start-up Training
Elite Tender Package
R 4990

R8110

  • Pty Company
  • Tax Nr & Clearance Certificate
  • SARS Registered Representative Update
  • VAT Registration
  • CSD Registration
  • COIDA Registration
  • COIDA Letter of Good Standing
  • Free Optional Services Included: BEE Affidavit, Bank Account and Website.

NB: The ROE service is for the submission only. It does not include the amount payable (assessment fees) to The Compensation Fund.

Get Compliant from Anywhere, Easy and Fast!

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How to complete your COIDA Return of Earnings in SA?

If want to know more about Return of Earnings (ROE) in South Africa, you’ve come to the right page. 

In South Africa, complying with the Compensation for Occupational Injuries and Diseases Act (COIDA) is crucial for businesses. The Return of Earnings (ROE) submission is a key component of this compliance. Here, we offer a glimpse into how to streamline this process, particularly in securing a Letter of Good Standing in an efficient, online manner.

The fast-tracked COID service is designed to be both cost-effective and straightforward. The specific costs and requirements will depend on your business’s unique circumstances, including your total wage bill and the nature of your employees’ work. Our team can provide a detailed breakdown based on your specific needs.

complete your return of earnings submission with ease using Company Partners

Here is a list of the topics we’ll discuss below:
  • What is Return of Earnings (ROE).
  • How are COIDA assessment fees calculated?
  • What are the consequences of non-compliance with COIDA Return of Earnings submissions or payments?
  • Letter of Good Standing COID Requirements: What do you need in order to request a Letter of Good Standing?
  • What are the benefits of complying with Return of Earnings (ROE) submissions?
  • COIDA Requirements: What do you need if you still need to register for COID, to get your workmans comp letter of good standing?
  • An infographic: How to get a Letter of Good Standing (COIDA Certificate) if you haven’t registered with COID yet.
  • The Basics of COID and a COIDA Letter of Good Standing.
  • What is the Workman’s Compensation Fund?
  • What is a Letter of Good Standing and why do you need to be registered for COID to get a COIDA certificate of good standing?
  • Is COID Registration compulsory?
  • Why is the Workman’s Compensation Fund important to have?

 

Scroll down to the most helpful sections

 
 
 

Return of Earnings (ROE) is a mandatory annual submission for South African businesses to the Workman’s Compensation Fund. This submission details the total salary and wage expenditure of a company from March of the previous year to February of the current year. It’s crucial because the Fund uses this information to calculate the amount payable by the employer in assessment fees. Timely submission of ROE ensures compliance with the law, enables businesses to apply for a COIDA Letter of Good Standing, and is necessary for tender applications.

 

Non-compliance with COIDA requirements can lead to several penalties:

  • Late submission of ROE incurs a 10% penalty (Sect 83(2)).
  • Failure to submit ROE results in an estimated payment based on an estimate (Sect 83(6)(a)).
  • Non-payment of assessment leads to a 10% penalty (Sect 87(1)) and interest on late payments at the prevailing prime rate.
  • Late incident reporting also results in penalties.
  • Not registering with the Compensation Fund can lead to penalties in the event of an employee’s claim due to an accident/death (Sect 87(2)(a)) and is considered an offence (Sect 81(3)).
 
 

COIDA assessment fees are annual contributions determined by the Workman’s Compensation Fund based on the total wage expenditure and the nature of employees’ work. Higher risk professions may incur higher fees due to the increased likelihood of occupational injuries or harm. These fees are reviewed annually to ensure they are fair and reflective of the risks associated with various professions.

We would recommend that you study the following practical articile which includes a Return of Earnings Calculator.

Use our Free Return of Earnings Calculator to determine your estimated COIDA assessment fees today.

 
 
 

Upon receiving a Notice of Assessment from the Compensation Fund, the employer is required to:

  • Make the first payment within 30 days of receiving the notice.
  • Pay at least 20% upfront before requesting to pay the remainder in monthly instalments.
  • Understand that failure to meet a payment deadline results in the full amount becoming due immediately.

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Complying with ROE submissions offers significant benefits:

  • It enables the renewal of the COIDA Letter of Good Standing, which is essential for tender applications.
  • It ensures that employees are covered for injuries or death that occur at work.
  • It demonstrates compliance with South African labor laws, enhancing business credibility.
 

Registering for COID you will need:

  1. a valid South African ID,
  2. a Company Registration document,
  3. a COID Registration form proof of payment of your registration fees.

You can learn more about COID registration here.

 
 
 
 
 
 
 
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