Statutory Rate Changes and the affected countries effective January 1st, 2021

Statutory Rate Changes and the affected countries effective January 1st, 2021

Dear Clients.


Please take note of the statutory rate change for Antigua & Barbuda, Belize, Dominica and Jamaica which will take effect January 1st, 2021.


1. HV5-ISF104: Antigua and Barbuda Social Security Rate Change




2. HV5-ISF105: Dominica Social Security Rate Change





3. HV5-ISF106: Belize Social Security - Contribution and Class change


Documentation attached

4. HV5-ISF107: Jamaica NIS Ceiling Change (This update cannot be applied before they are ready to run 2021 payrolls)







References: 
1. Antigua and Barbuda Social Security Board http://www.socialsecurity.gov.ag/#:~:text=The%20Contribution%20Rates%20will%20increase,Contributions)%20(Amendment)%20Regulations.
2.  Belize Social Security Board. https://www.socialsecurity.org.bz/2019-contribution-reform/#:~:text=The%20changes%20will%20occur%20over,up%20from%20%24440%20to%20%24480.
4. Jamaica National Insurance Ciontribution. https://mlss.gov.jm/departments/national-insurance-scheme/#:~:text=The%20contribution%20rate%20for%20Domestic,effect%20from%20January%201%2C%202021.