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You are here: Home / General / National Insurance Increase effective July 1st, 2018

June 3, 2018 By Andrew Roberts

National Insurance Increase effective July 1st, 2018

The National Insurance Board will be increasing the wage ceiling from $650 to $670 per week / $2,817 to $2,903 per month, effective July 1st, 2018.  There will be an update for Payroll Solution to address this increase which will be distributed to all users with active support by mid-June.  This update will need to be applied before processing the first pay period in July.

For more information on the increase please visit nib-bahamas.com

For more information on the Payroll Solution update, please use the support page

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The Government of the Bahamas will increase Value Added Tax (VAT) from 7.5% to 12% effective July … [Read More...] about Value Added Tax (VAT) Increase effective July 1st, 2018

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The National Insurance Board will be increasing the wage ceiling from $650 to $670 per week / $2,817 … [Read More...] about National Insurance Increase effective July 1st, 2018

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