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COIDA: Extension of 2024 ROE Submission starting date + ROE Manual
- 10 April 2025
- Regulatory Compliance and Legislation
- South African Accounting Academy
Summary:
The Department of Employment and Labour has issued a ROE Manual and has notified employers that the opening date for the online submission of the Return of Earnings (ROE) for the 2024 assessment period (to the Compensation Fund) has been extended until 11 April 2025.
Article:
The submission of the ROE by employers for the 2024 assessment period did not open on 1 April 2025 - as originally intended.
The Return of Earnings (ROE) submission period will now be open from 11 April – 30 June 2025.
It is against the law for failure to submit the ROEs and penalties will be charged.
Payment must be made within 30 days to avoid interest.
An application for the Revision of Assessment must be done within 30 calendar days of the Notice of Assessment/Invoice’s date.
More information can be accessed at https://cfonline.labour.gov.za/OnlineSubmissions/
The latest ROE Manual has been issued by the Chief Directorate Information and Communication Technology, and contains detailed information on:
- ROE New Registration Document Upload
- ROE Submission Document Upload
- Flagged for Audit Document Upload\
Click here to download the 95-page ROE Manual:
Relevance to Auditors, Independent Reviewers & Accountants:
- The COID Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As an employer, you also need to submit your Return of Earnings on time.
- If you are performing this function on behalf of your clients, you need to ensure that the deadline is met.
Relevance to Your Clients:
- As an employer, a client of yours would need to submit your Return of Earnings on time.