Revealed: What to include when you submit your 2013 Return of Earnings to COID
The South African Institute of Professional Accounts (SAIPA) says in a statement, whether you're completing a Return of Earnings submission online or in hard copy, you must include the following important information:
Do you know when to claim from COID? Shocking survey reveals 5 out of 7 managers don't!
Discover what your company can claim for today...
Warning! You have a legal duty to ensure what you submit to COID is accurate
'It's a serious offence to make false declarations or fail to render a return by the deadline. [And] It's the responsibility of the employer to ensure that all the information provided to the Compensation Fund is accurate and complete,' says Faith Ngwenya, the Technical and Standards Executive at SAIPA.
Ngwenya says if an agent or payroll administrator is completing the Return of Earnings on your behalf, it's compulsory for both of you to sign the declaration.
Now that we've outlined what you must include when you submit your 2013 Return of Earnings to COID, don't miss the May 31 deadline.