COID earnings limit for 2014/2015

The increase in the maximum earnings value to be used in the calculation of COID assessments has been published in the Government Gazette yesterday. The minister of Labour prescribed the new earnings limit to be R332,479.00 for the 2014/2015 year of assessment commencing 01 March 2014

The Government Gazette can be downloaded from the government’s website

(http://www.gov.za/documents/download.php?f=210702)

23 Comments

Filed under General, HR, Industry Information, Legislative Updates

23 responses to “COID earnings limit for 2014/2015

  1. Theresa Branders

    Thank you for notifying us. Please note that the Government Gazette declares 1 April 2014 as the commencement date.

    • Theresa Branders

      I misunderstood the sentence. Apologies. The 2014/2015 year of assessment commences on 1 March 2014 but the new earnings limit is only effective from 1 April 2014.

  2. Gary Campbell

    I see that there is a field on the DOl online submission of earnings for “accommodation and meals” – anyone know what this relates to?

  3. Minette

    When calculating earnings should we cap it to the maximum amount given by the Department or should we declare the gross earnings and they calculate according to the maximum figure?

  4. Kobus

    Any idea on the 2015/16 limits?

  5. Janine

    I cannot pick up any info regarding the 2015/2016 limits – does anyone know ?

  6. Hi Madelein;
    Where did you get the limits from?
    Regards
    Agness

    • Madelein van der Watt

      Hi Agness

      The proposed new limits were published for comment in November 2014. These limits will be formalised via Government Gazette before April 2015.

      Regards

      Madelein

      • Kobus

        Hi Madelein

        It seems like I cannot access the 2014 return on the DOL website.

        Is this so at the moment or might I be doing something wrong.

        Thanks for the help.

      • Madelein van der Watt

        Hi Kobus

        I believe that since the deadline has been extended, the system will only be available online from 01 April 2015

        Regards

        Madelein

      • Thank you Madelein

      • Hi Madelein, do you perhaps know where we can find:
        1) the notice for Nov 2014 and 2015 – I have searched everywhere
        2) the word 2014 ROE as we need to file manual “nil returns” you can not file them via the system. Regards, Leoni

  7. Ilse

    Hi Madelein

    A few questions please:
    1. If an employee earns less that the threshold, do I only declare the threshold amount?
    2. Has the 2015/16 threshold been formalised yet?
    3. If a return was submitted with the incorrect earnings total declared, is it possible to revise the return?

    Thanks!

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  9. manoko

    what is the limit for 2015/2016?

  10. Kobus

    The earnings limit for 2015/2016 is R355 752

    As stated by her higher in this thread.

  11. Vickie

    On what earnings do you calculate COID contribution and what percentage?
    Thanks

  12. Hester

    what is the earnings ceiling for 2016/2017?

  13. Hester

    what is the ceiling for 2016/2017?

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