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 as of 1st July 2018.

Further, employers and self-employed persons are reminded that remittance payments for August 2018 are due no later than 14th September 2018 to avoid the 10% surcharge.

N.B.: For 2018, contribution rates are:

Private Sector – 12½%

– Employees – 5¼%
– Employers – 7¼%

Public Sector – 11½%

– Employees – 4¼%
– Employees – 7¼%

Self-Employed persons remain at 10%.

Remittance payments can be made at the Drop Box located at the Royal Palm Branch; Monday to Friday: 8:00 am – 3:30 pm.