sfer of real estate.
23. Taxes on Payrolls (Social Security)
Weekly national insurance contributions are payable in respect of employed persons; part is payable by individual employees and part by employers. Contributions by the employer are treated as an allowable expense in computing chargeable income. Individual employees can claim 70% of their contribution as a deduction against their income for that year. The rates of contribution are:
Weekly Earnings
Employee Employer
Over Not Over Contribution Contribution
TT$ 0 TT$ 50 TT$1.10 TT$ 2.20
50 65 1.60 3.20
65 85 2.10 4.20
85 110 2.75 5.50
110 140 3.50 7.00
140 180 4.50 9.00
180 230 5.75 11.50
230 6.45 12.90
A health surcharge is payable by employees on their earnings. The rate applicable to employees earning less th
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