The Director General of Employment and Labour published a Government Notice (notice 1617 of 2023, published 17 February 2023), increasing the OID earnings threshold from R529 264 per annum to R563 520 per annum effective 1 March 2023 (2023/2024 year of assessment).
Update to OID Annual Threshold for 2023/2024
However, the Payroll Authors Group of South Africa (PAGSA) has informed us that the correct OID earnings threshold for the 2023/2024 period is actually R568 959. This was discovered after PAGSA queried why an alternative figure was published on 10 March 2023 in Government Gazette No. 48187. It has been discussed and confirmed with the Compensation Fund, as well as the Department of Employment and Labour, that this new threshold of R568 959 is the correct figure for the 2023/2024 year of assessment.
Is this correct? R568 959.
