Remittance Payment Notice

 March 11, 2019 |  Administrator

All, employers and self-employed persons are reminded that remittance payments for February 2019 are due no later than 14 th March 2019 to avoid the 10% surcharge.

Further, employers are asked to take due care when submitting the monthly Remittance Form [R5A] as any incomplete or incorrect information will attract a penalty fee of $100 per page.

N.B.: For 2019, contribution rates are:

  • Private Sector - 13 %

      - Employees - 5½ %
      - Employers - 7½ %
  • Public Sector - 12 %

      - Employees - 4½ %
      - Employers - 7½ %
  • The contribution rate for Self-employed persons remains at 10%.

Remittance payments can be made via the Drop Box located at the Royal Palm Branch. Monday to Friday: 8:00 a.m. - 3:30 p.m.