South Africa - Increase in OID Earnings Threshold Effective 1 March 2023
- from R529 264 per annum (limit for 2022/2023),
- to R563 520 per annum effective 1 March 2023 (limit for 2023/2024).
The OID earnings threshold is the maximum amount of earnings per annum per employee on which an assessment of an employer is calculated in terms of section 83(8) of the Compensation of Occupational Injuries and Diseases Act (COIDA).
South Africa – New/Updated OID Earnings Threshold Effective 1 March 2023
The Director General of Employment and Labour published Government Gazette 48065 (Notice 1617) on 17 February 2023 increasing the OID earnings threshold to R563 520 per annum effective 1 March 2023. However, on 10 March 2023, the Minister of ...
South Africa: BCEA Earnings Threshold increase
The Minister of Employment and Labour has issued a determination in terms of section 6(3) of the Basic Conditions of Employment Act, 75 of 1997 in terms of which the annual earnings threshold will increase from R211 596.30 per annum to R224 080.48 ...
South Africa - Increase in the BCEA Earnings Threshold
The Minister of Employment and Labour published Government Gazette 48092, increasing the BCEA earnings threshold from R224 080.48 per annum to R241 110.59 per annum effective 1 March 2023. Therefore, effective 1 March 2023, employees earning more ...
South Africa: Compensation Fund Earnings Threshold For The 2022/23 Year Of Assessment
Each year the Compensation Fund publishes the change to the earnings threshold in a Notice signed by the Commissioner and published in a Gazette. The threshold limits the earnings calculated by the payroll per employee from 1 March 2022 until 28 ...
South Africa Compact Payroll Guide 2023/2024
This guide is designed to provide a brief overview of the statutory rates and contributions that employers need to be aware of when calculating statutory payroll contributions in South Africa. This guide will provide you with the essential payroll ...