It’s time for you to complete and submit your Return of Earnings (ROE) or W.As.8 to the Compensation Fund. This submission is a declaration of your employees’ earnings for the period 1 March 2020 to 28 February 2021 (the same as the tax year). In addition, you also need to provide projected earnings for the next year (1 March 2021 to 28 February 2022).
The deadline for this submission is 31 May 2021.
As always, SimplePay tries to make your life easier by automatically generating a report on the system that will help you to complete your W.As.8. Simply go to Submissions > OID (Workman’s Comp) Return to download the report.
The current 2020/2021 Return of Earnings threshold of R484 200 is already taken into account by SimplePay. Additionally, the Compensation Fund has published a new annual earnings threshold of R506 473 per annum for the 2021/2022 Return of Earnings (form W.As.8). We have updated our system to accommodate this.
More information about the Compensation for Occupational Injuries and Diseases (COID) Act can be found on our help site.
Please feel free to contact [email protected] if you need any assistance.