Remittance Payment Notice for February 2020

 March 12, 2020 |  Administrator

All employers and self-employed persons are reminded that remittance payments for February 2020 are due no later than 16th March 2020 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 2020, contribution rates are:

  • Private Sector - 13½ %

      - Employees - 5¾ %
      - Employers - 7¾ %
  • Public Sector - 12½ %

      - Employees - 4¾ %
      - Employers - 7¾ %
  • The contribution rate for Self-employed persons is 10% of declared earnings.

Remittance payments can be made via the
  • Cashiers at London House Branch, Long Street
  • Cashier at Long Street from Monday to Thursday: 8:00 am - 3:30 pm & Fridays 8:00 am - 3:00 pm
  • Drop Box located at the Royal Palm Branch from Monday to Friday: 8:00 am - 4:00 pm
  • English Harbour Satellite Office from Monday to Friday: 9:00 am - 2:00 pm

Please be guided accordingly.