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COMMONWEALTH OF THE BAHAMAS, THE NATIONAL INSURANCE ACT, 1972 EMPLOYER S Please carefully read instructions on reverse before completing this form C.10 (A) MONTHLY CONTRIBUTION STATEMENT FOR THE MONTH.
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Ind FAQ
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This can be done by filling out and submitting the NI183 - Request for Contributions Statement Form to the nearest service centre. In addition, the NI165 form should be filled out to facilitate the updating of your personal information. Statements are generated for distribution within one day.
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To register complete the Form R4 and submit at a local NIB office. For the registration process a government issued identification or voter's card is required.
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A unique government issued number available to every legal resident in the Bahamas; may be used as identifier in financial, medical and other personal records.
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Contributions are paid at a rate of 5 percent, of the individual's average weekly earnings, based on his/her last year of employment.
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Business Registration Obtain a business license from the Department of Inland Revenue. Complete and submit Form R1 to the National Insurance Board. Show NIB Smart Card, another form of government identification or voter's card at the time of registration.
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Contributions are paid at a rate of 5 percent, of the individual's average weekly earnings, based on his/her last year of employment. Contributions are due before June 30th of each year.
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What is the National Insurance Board Number? A unique government issued number available to every legal resident in the Bahamas; may be used as identifier in financial, medical and other personal records.
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The National Insurance programme was established on December 12, 1972 with the signing into law of the National Insurance Act, 1972. The National Insurance Board (NIB), the organization charged with administering the social security programme, opened its doors officially on October 7, 1974.
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