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.