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News

IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

8/12/2015 10:23:31 AM
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.


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