News

News

NIB 2016 Rate Increases

NIB 2016 Rate Increases

6/2/2016 4:42:53 PM
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS
The Government of The Bahamas has announced that there will be an increase in the Minimum Wage effective August 15, 2015. In this regard, the National Insurance Board advises employers that for all workers impacted by the change in the minimum wage, there will be a corresponding increase in contribution payments for the month of August and thereafter.