The deadline to apply for the payroll tax rebate for workers is this Thursday, December 15th. The payroll tax rebate is available for eligible persons making less than $96,000 per the Public Treasury (Administration and Payments) (Salary Based Benefit) Regulations 2022.
“75% of Bermuda’s workforce is eligible to apply for this payroll benefit and I encourage anyone who is eligible and has not applied to do so immediately. The process is easy.” said Premier and Finance Minister, David Burt.
A person who was an employee or self-employed at any time between July 1st 2021, and ending on June 30th 2022, can apply for the benefit if they meet the salary requirements and other criteria in the Regulations.
- Persons earning less than $60,000 annually will receive a $250 benefit;
- Persons earning between $60,000 and less than $96,000 will receive a $100 benefit.
Eligible persons can apply online ateconomicrelief.gov.bm. Payment will be made once all required information is submitted and processed.
You are only eligible to receive the benefit for your principal job. Your “principal job” means the employment in which most of your salary earnings came from during the relevant period.
To complete the application, you will need:
- Your Social Insurance Number.
- If you do not know your Social Insurance Number, please contact your employer in the first instance, as they should have your Social Insurance Number on file. If needed, you can obtain your number from the Department of Social Insurance at 294-9242 or email sicontributions@gov.bm
- If you are self-employed, you will need your Payroll Tax ID issued by the Office of the Tax Commissioner (OTC).
- If you are an employee, you will need your employer’s contact information, including their email address, so that they can provide a Payroll Tax ID and confirm your employment details.
- A scan or photo of Government issued ID:
- Driver’s License
- Passport
- Official Work Permit Card
- A scan, photo, pdf or screenshot of your bank statement that includes your name, address, full account number and the bank’s logo. Please cross out (redact) any dollar amounts.
The Government has reduced the administrative burden on employers to ensure that the process is as smooth as possible. However, the employer has an active and critical role in supporting their employees’ applications once submitted. There will be an online landing page or email alert for them separately to verify their employee’s details before being progressed for review.
Additionally, taxi owners will need to provide a scan, photo, pdf or screenshot of Taxi Vehicle Registration to demonstrate they were owners having paid their flat rate of payroll tax fee as of June 30th 2022. Please note, per the Regulations, a motor taxi owner who owns more than one taxi shall receive the benefit only for one taxi.
Persons should triple-check that they provide the correct contact details for themselves and their employers and correct banking and personal details to avoid delays in verification and payment.
For enquiries about this salary-based benefit, please email economicrelief@gov.bm.