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COIDA: New maximum earnings (OID limit) for 2025/2026
- 28 May 2025
- Regulatory Compliance and Legislation
- South African Accounting Academy
Summary:
The Department of Employment and Labour has confirmed the new amounts for Maximum Earnings on Provisional Assessment and Minimum Assessments with effect from 1 March 2025.
Article:
The following amounts have been prescribed with reference to COIDA (Compensation for Occupational Injuries and Diseases Act):
- The Maximum Earnings per employee per annum is R633 168 (1 March 2025 to 28 February 2026) (was R597 328). This is the maximum amount of earnings on which a Compensation for Occupational Injuries and Diseases Act (COIDA) assessment is calculated.
- A Minimum Assessment for commercial employers is R1 621 (was R1 530).
- A Minimum Assessment for private household/domestic employers is R560 (was R528).
These changes are effective from 1 March 2025.
Click here to download the Gazette Notice:
Relevance to Auditors, Independent Reviewers & Accountants:
- The COIDA 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.
- Accountants, Auditors and Tax Practitioners may assist employers to complete their annual Return of Earnings, and thus should be aware of the latest thresholds.
- As an employer, you also have a duty to consider the latest maximum and minimum earnings when completing the annual return of earnings.
Relevance to Your Clients:
- An employer and entity (company or close corporation) has a duty to comply with the COIDA, otherwise they could be held liable.
- An employer has a duty to consider the latest maximum and minimum earnings when completing the annual return of earnings.
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