South Africa: OID Return of Earnings (ROE) Submission for 2023/2024
The Compensation Fund published Government Gazette No. 50109 on 12 February 2024, informing employers of the following:
- The submission period for the 2023/2024 ROE will be from 1 April 2024 to 30 June 2024.
- Employers must submit the ROE using the online platform.
- A penalty of 10% will be charged on late submissions.
- Interest will be charged on accounts made after 30 days of the invoice date and on overdue accounts.
- It is the employer’s responsibility to notify the Compensation Fund of any change in particulars.