Employers - Deadlines and Fines

“If you fail to pay your contributions on time you’ll be fined and will have to pay interest on the outstanding amount”

At the end of each month, total the earnings and contributions for that month and make a single payment covering both employer and employee contributions.

Deadline: This payment should be made within 15 days after the end of the month.

Fines: If you fail to pay contributions within the stipulated time, you will have to pay a penalty for which you are liable, plus the interest of 1% per month on the unpaid contribution, or $20.00, whichever is greater.

Related Links

TVET Council

Barbados National Productivity Council

arbados Chamber of Commerce and Industry

Barbados Employers’ Confederation