All employers and self-employed persons are reminded that remittance payments for September 2019 are due no later than 14th October 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 is 10% of declared earnings.
Remittance payments can be made via the
- Cashiers at London House Branch, Long Street
- Drop Box located at:
– London House, Long Street
– Royal Palm Branch