Workers compensation fund tariff

Employers are subject to the workers compensation fund tariff. The tariff is payable on a monthly basis and is calculated as a percentage of cash sums paid to employees at 0.5%. Employers are also required to file a monthly return form.

Skills and development levy (SDL)

SDL is a tax on the employer calculated as 4% of gross cash emoluments of employees.

Consumption taxes

Value-added tax (VAT)

The standard rate of VAT is 18%,

Social security contributions

There is a state social security scheme known as the National Social Security Fund (NSSF), which every employer in the private sector must contribute to. The employer’s contribution is 20% of the employee’s cash remuneration; however, the employer is entitled to recover up to half of this from the employee.