All, employers and self-employed persons are reminded that remittance payments for November 2018 are due no later than 14th December 2018 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 2018, contribution rates are:
- Private Sector – 12½%
• Employees – 5¼%
• Employers – 7¼% - Public Sector – 11½%
• Employees – 4¼%
• Employers – 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 a.m – 3:30 p.m.
Please be guided accordingly.