For the last couple of years, the COIDA (ROE) Returns were submitted during the months of April and May. The earnings and head-count to be declared are obtained from Your Payroll System, but be careful to observe the difference between "Earnings" and remuneration.

The Commissioner would Issue an Assessment based on the Earnings declared and the tariff applicable to the Industry in which You operate. Providing that there are no outstanding balance on Your Account, payment of the Assessment would mean that You would be able to obtain Your Letter of Good Standing for the Next Year.

In our experience, the Return of Earnings (ROE), is the area where most errors are made with direct financial consequences. Requesting Re-Assessments involves affidavits, submission of financial statements and huge volumes of supporting documentation.

With CIRC attending to these Returns, Potential problems can be identified while there is still an opportunity to correct them.