Vatco Consulting Services
Submit Your COIDA Assessments with Confidence
Stay ahead of deadlines and avoid fines. We handle your COIDA assessment submissions, including declarations and calculations.
Providing Quality Services
with Experienced Consultants
1. Schedule A Consultation
Visit our website and schedule a consultation with one of our experienced accountants.
2. Discuss Your Financial Goals
Our team will sit down with you to discuss your financial needs and goals, and develop a customized plan to achieve them.
3. Watch Your Business Thrive
We’ll work with you to implement the plan and ensure that your business is thriving financially.
Contact us at the Vatco nearest to you or submit a business inquiry below.
What Is a COIDA Assessment?
A COIDA assessment is an annual report submitted by employers to the Compensation Fund. It calculates how much your business must contribute to cover employees under the Compensation for Occupational Injuries and Diseases Act (COIDA).
The amount is based on your total payroll and your industry’s risk classification. These assessments are necessary to keep your business compliant and to maintain your Letter of Good Standing.
Why Submit COIDA Assessments?
✅ Legal requirement for registered employers
✅ Required to get a Letter of Good Standing
✅ Avoids penalties or interest on late submissions
✅ Ensures your employees remain covered by the Compensation Fund
What’s Included in Our COIDA Assessment Service?
Completion and submission of your W.As.8 form
Accurate payroll and risk category calculations
Follow-up with the Compensation Fund
Help with corrections or resubmissions if needed
Advice on assessment payments and Good Standing letters
Step-by-Step: How Vatco Handles Your COIDA Assessment
Payroll Review: We collect your total payroll figures for the year
Classification Check: We confirm your business’s risk category
W.As.8 Submission: We complete and submit the assessment to the Compensation Fund
Feedback & Follow-up: We handle follow-ups, assessments, and payment guidance
What Documents Are Needed?
Latest payroll reports or salary breakdowns
CIPC registration documents
Your CF (WCA) registration number
Previous year’s COIDA assessment (if available)
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Frequently Asked Questions
FAQs: COIDA Assessments
What is a COIDA assessment?
It’s an annual report that calculates how much your business must contribute to the Compensation Fund based on payroll and risk.
What is the minimum assessment for COIDA 2025?
For the 2025 year, the minimum annual assessment fee is R1,371 (subject to change — confirm with the Compensation Fund or your consultant).
Are COIDA and WCA the same?
COIDA is the law; WCA refers to the practical registration and compliance process with the Compensation Fund.
How do I get a COIDA certificate?
You must register, submit your assessment, and pay your contribution. Then you can request a Letter of Good Standing.
How much is a COID certificate?
There’s no cost for the certificate itself, but it’s issued after submitting assessments and paying your calculated fee.
Who qualifies for COIDA?
All employees are covered under COIDA. All employers with one or more staff must register and submit annual assessments.
How much is COIDA per employee?
The amount varies depending on total salaries and your industry risk class. Rates are published annually by the Compensation Fund.
How is compensation calculated?
It’s based on the employee’s salary and the injury’s severity. Compensation may include medical costs and income support.
How long does COIDA registration take?
Initial registration typically takes 5–10 working days, but assessment submissions are annual.
How much does IOD pay?
It depends on the injury. Payments may include medical reimbursements and up to 75% of earnings for temporary disability.
How do I get a letter of good standing from CIPC?
CIPC doesn’t issue it. You get it from the Compensation Fund after completing your COIDA registration and assessments.
How do I register someone as an employee?
Register your company with SARS for PAYE/UIF, and ensure COIDA registration through the Department of Labour.
