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NIS encourages more employers to take advantage of amnesty offer
DEAR EDITOR,
On May 14, 2020 the National Insurance Scheme issued a Press Release offering amnesty on contribution payment owing at January 15, 2020 to May 15, 2020.
The amnesty was one of the measures NIS implemented to offer relief to Employers and Self Employed due to the COVID-19 pandemic. During this period, a waiver of interest was granted on the amounts owing and defaulters were given until June 30, 2020 to make payments.
To date a total of Three Hundred Sixty Five Million, Nine Hundred Seventy One Thousand, Two Hundred Fourteen Dollars ($365,971,214) were collected as arrears payment. This amount represents a total of one thousand, three hundred thirty Seven (1337) employers.
NIS is anticipating that more employers will come forward before the period expires. This expectation is based on pass trends which show that some employers wait until the deadline of a payment period to pay contributions.
The National Insurance Scheme continues to encourage employers to capitalize on this opportunity.
Dianne Lewis Baxter,
Public relations Officer
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