Summary
Cause
The OID Earnings threshold is not published at the time when the March software is released. The change in the system was applied to give you the flexibility to update the limit when published by the Director General of Employment and Labour.
Resolution
In an effort to minimise the annual maintenance of the OID Report, we have added an ‘OID Annual Limit’ field to the Basic Company Information Screen.
This field is only available from release 5.7a
CAUTION: When the system converted to Release 5.7a (Release September 2021), this field defaulted to the latest limit of R506 473.00 (2021/2022 year of assessment)
When the OID limit increases in the future, it will be your responsibility to go to the Basic Company Information screen to amend this value to the new limit.
To access this screen, go to:
- Main Menu
- Company
- Basic Company Information
- update the value in the OID Annual Limit box
The limit is applied to the PDF Details and Summary Reports as well as to the W.As.8 Excel Report.
The OID Report (Real Number 502) is found on the Reports and Maintenance Menu as well as under Main Menu > Utilities > RSA Submissions > OID Report.
NOTE: If you have any companies in your directory for tax years prior to 2021-2022, the new ‘OID Annual Limit’ field will display there too and the limit will be for the 2021-2022 Tax Year. You will need to amend this value if you wish to print the OID Report.
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