Calculate Your NIS Contribution (Guyana) Today
- Compulsory Social Insurance Coverage for individuals aged 16–60
- 14% Employed Contributions (5.6% Employees contribution & 8.4% Employers contribution)
- 12.5% Self-Employed Contributions from Gross Earnings
National Insurance Scheme (NIS) is Guyana’s government attempt at providing Social Insurance Coverage on a compulsory basis, to all persons between the ages of sixteen (16) and sixty (60) years who are engaged in Insurable Employment.
There are 2 categories of persons that are required to pay NIS, each having different rates.
Employed
- Employee Contribution: 5.6% per month
- Employer Contribution: 8.4% per month
Maximum
While the NIS adds up to a total of 14% (5.6% Employee + 8.4% Employer) of Gross Salary, there is a cap to the amount of NIS that can be paid.
- Employee Contribution Maximum: $15,680 per month or $3,618 per week
- Employer Contribution Maximum: $23,520 per month or $5,427 per week
Self-Employed
If you are self employed, you pay a total NIS of 12.5% of your declared income.
Maximum
While the NIS adds up to a total of 12.5% of your declared income, there is a cap to the amount of NIS that can be paid. The cap is $35,000 per month.
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