The
Employment & Industrial Relations Act establishes the national minimum
wages payable to personnel. The National Weekly Minimum Wage can be found in this link.
MATERNITY TRUST FUND
OVERTIME
Most
sectors have their minimum overtime rates regulated by the respective Wage
Regulation Order (WRO) that regulates their activity of work. Employees whose overtime rate is not covered
by a Wages Council Wage Regulation Order shall be paid one and a half times the
normal rate for work carried out in excess of a 40 week, averaged over a 4-week
period or over the shift cycle at the discretion of the employer. More information can be found in this link.
STATUTORY BONUS
Employees
are entitled to receive a Statutory Bonus payable every six months statutory
and a Weekly Allowance payable every six months. Details can be found in this link.
SOCIAL SECURITY CONTRIBUTIONS
Social
security contributions are paid 10% each by the employer and the employee
respectively.
The
employer must ensure that the Social Security Contributions are made to the
Commissioner by the end of the month following that on which payment of
emoluments was made. The payment is to be made by means of FS5
form. Once the
employer, declares the social contributions by means of a file upload from
their payroll system, an acknowledgement email is sent to the employer.
Upon submission, the data is processed automatically by the system and hence,
no further intervention is required. In addition, on declaration of the
social contributions, the employer receives an immediate summary of the account. More information
is available in the link.
To make use of the
Social Security Contributions calculator, click here. Information
that will assist a business to fulfil the obligations concerning Provisional
Tax is available in this booklet.
PAID ANNUAL LEAVE
Information
about annual leave entitlement can be found in this link.
Minimum WAGES PAid By ECONOMIC SECTORS
Minimum
wages paid by economic Sectors and other employee minimum entitlements can be
found in the Resource
Pack 2020 published by DIER.
CONTACT INFORMATIon
- Office
of the Commissioner for Revenue
Tel:
144
- Department
of Industrial and Employment Relations