An employer is a person or corporate body with whom an employee has entered into a contract of service or apprenticeship expressed or implied whereby such a person or corporate body is liable to pay salary, wages or other remuneration for services performed by the employee.
All employers are required to be registered with the NIS and to pay contributions on behalf of their employee/s. An employer shall ensure that every employee is registered with the NIS within four days of commencing employment. Employer contribution is 5% of the gross earnings of an employee. The maximum insurable earnings on which contributions are payable is $5,000.00 per month, $1,160.00 per week. The Maximum 4% deductions for any given period is $200.00.
Employers are required to pay 1% of gross earnings for employees under the age of 16 and over the age of 60.
The following are taken into consideration for the purpose or determining the earnings of an employee
Every Employer is required to submit the insurable earnings of their employees via manual or electronic remittance forms. The remittance form must clearly show:
The total 9% contribution must be remitted to the NIS within fourteen days from the end of the month for which contributions are being paid. Employers failing to do so will be charged a 10% surcharge and an additional 1% interest for every month or part of a month that the contribution payment remains outstanding.