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The Ministry of Finance intends to penalise companies which fail to pay their employees national insurance contributions.
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This is the word from Minister in the Ministry of Finance, Brian Manning. Outlining the current amnesty period for companies to make the necessary payments, Minister Manning said only 10% of the companies which are not making the payments are expected to take advantage of the amnesty.
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Minister Manning added that the Ministry expects to collect tens of millions of dollars to add to the National Insurance Board’s Fund from these non compliant employers.
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Minister Manning indicated that the amnesty period is six months – from July to December.
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Courtesy: TTT News:
https://www.ttt.live/consequences-of-nis-fraud-for-employers-and-employees-2/
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