The Minister of Labour increased the annual COIDA Earnings Limit for the 2012/2013 tax year from R 277 860 to R 292 032 effective from 1 April 2012 as stated in Government Gazette number 35432, Notice no 446, dated 8 June 2012.
As a result of the above effective date, a split is required in the 2012/2013 reporting year.