The Return of Earnings must be submitted between 1 April and 30 June each year

The Minister of Employment and Labour published Government Gazette 50386 (Notice 2390 of 2024) on 27 March 2024, increasing the OID earnings threshold as follows: from R568 959 per annum (limit for 2023/2024), to R597 328 per annum effective 1 March 2024 (limit for 2024/2025)

Did you know: The Compensation Fund uses the opening date when referring to the year of submission, e.g., the 2023 submission refers to the Return on Earnings for the period from 1 March 2023 to 29 February 2024

This can be confusing, since the tax year makes use of the end date, e.g., the 2023 tax year refers to the period from 1 March 2022 to 28 February 2023

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