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.