Alchemy Financial ServicesCompany Secretarial Services

ARE YOU COVERED IF YOUR EMPLOYEE’S ARE INJURED ON DUTY?

  1. All employers who employ one or more persons in connection with their business are required to register and pay annual assessments to the Compensation Fund.
  2. If an employee has been injured in the workplace or as a result of a working condition, a claim can be filed with the Compensation Commissioner.
  3. Reasonable medical aid expenses arising out of an injury on duty are payable for a period of two years, or longer if further medical treatment will reduce the extent of the disablement.

HOW IS WORKMEN’S COMPENSATION ACT (WCA) CALCULATED?

The annual assessment fee is calculated on workers’ earnings and an assessment tariff based on the risks associated with the type of work being done.

WHEN IS IT DUE?

The deadline for submitting the ROE (return of earnings) is officially 31 March each year; however, in practice, this is generally extended to 31 May.

For assistance in registering your entity, submitting annual returns and obtaining a letter of good standing contact Alchemy Financial Services Inc.

Contact number: 011 795 8100 or 011 795 8103

Email: Irisj@afsi.co.za

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