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COIDA: ROE 2024 submission extended – now closes on 31 July 2025
- 03 June 2025
- Regulatory Compliance and Legislation
- South African Accounting Academy
Summary:
The Department of Employment and Labour (DoEL) has confirmed that the submission deadline of the 2024 Return of Earnings (ROE) to the Compensation Fund has been extended to 31 July 2025.
Article:
This Government Notice is to inform employers and relevant stakeholder of administrative adjustments to the 2024 Return of Earnings (ROE) filing season, which covers the earnings period 1 March 2024 to 28 February 2025.
The deadline has been extended to accommodate operational readiness and year-end processing, and will now close on 31 July 2025.
Employers are further advised that the following compulsory supporting documents must be uploaded via ROE Online at the time of submission:
- Confirmation of Employer Details Form
- Detailed Payroll Report covering the period 1 March 2024 to 28 February 2025, containing amongst others, employee names & numbers, ID numbers, wage/salary types and total earnings.
Submissions made after 31 July 2025 will incur a 10% late penalty, effective 1 August 2025.
To ensure that compliant employers retain access to the Fund's benefits while preparing 2024 ROE submissions, the expiry date for LOGs issued for the 2023 assessment year was extended from 30 April 2025 to 31 May 2025.
Click here to download the Government Notice:
https://www.gov.za/sites/default/files/gcis_document/202505/52699gen3200.pdf
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.