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NIB to present at BICA’s Upcoming SMP Seminar

NIB to present at BICA’s Upcoming SMP Seminar

5/14/2025 5:42:51 AM
The National Insurance Board is proud to partner with the Bahamas Institute of Chartered Accountants at its Small-to-Medium Practitioner (SMP) seminar under the theme, “Building A Successful Business In The SME Space.” This event is scheduled for Thursday, May 15, 2025 from 8:00 a.m. – 5:30 p.m. at the Margaritaville Resort. 

NIB’s featured presenter, Mrs. Jemma Roache, Acting Manager of the Compliance Department & Inspectorate Unit, will discuss how to remain compliant in your business (i.e. registration, contribution calculations and insurable wage ceilings, and contributions on gratuity payments for those in applicable industries). 

We will also have representatives available to provide live demos, assist with ESS and C10 Mobile App sign-ups, and answer all your compliance questions. See event flyer for more details.


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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.