Do you have a question? Email your questions to the HEART Trust/NTA
Compliance and Remittance Department compliance at compliance@heart-nta.org
or telephone us at (876) 929-1575, 968-9531, 968-8455-6
1
WHO SHOULD MAKE HEART 3% CONTRIBUTIONS?
Any employer who has gross taxable monthly emoluments of $14,444 or more.
2
WHAT IS MEANT BY THE TERM EMOLUMENTS?
Emoluments include salaries, wages, overtime payments, fees, bonuses, perquisites, accommodation, entertainment, utilities, other benefits of employment, whether in cash or kind. See section 5 1 (c) of the Income Tax Act as any emolument assessable for Income Tax is also assessable for Heart Contribution.
3
WHAT IS THE RATE OF PAYMENT?
3% of the total monthly wage bill. For example, if the total paid to staff for the month is $100,000 then the contribution is $3000.
4
DO I TAKE THE 3% CONTRIBUTION FROM MY EMPLOYEES?
No. Heart is an employer contribution.
5
IS THE 3% CALCULATED AFTER DEDUCTING NIS?
No.
6
SUPPOSE I HAVE A HEART TRAINEE OR AN APPRENTICE?
Each Heart trainee entitles the contributor to a tax credit of $150 per week per trainee. For example if the 3% is $3000 and the employer has one trainee then in a four week month $600 would be deducted from the $3,000 with the balance of $2,400 being paid over to Heart.
Apprentices do not qualify for a tax credit
7
WHERE DO I PAY MY HEART CONTRIBUTIONS?
Payments are made at the nearest Inland Revenue Department (Collector of Taxes). Payments are not made at HEART offices
8
IS THERE A PRESCRIBED FORM FOR PAYMENT?
Yes. Payment vouchers are available at the Inland Revenue Offices or any Heart Office island wide.
9
WHEN ARE PAYMENTS DUE?
Payments are due by the 14th of each month for the month preceding.
10
CAN LEGAL ACTION BE TAKEN AGAINST ME IF I DO NOT PAY MY HEART CONTRIBUTIONS ON TIME?
Yes. Once payments fall due.
11
IS INTEREST AND PENALTY CHARGED ON OVERDUE AMOUNTS?
Yes. It is charged at the rate of 20% per annum.
12
HOW MANY YEARS BACK CAN I BE Assessed AS A DELINQUENT CONTRIBUTOR?
Six years past, plus the current year.
13
IS THERE A HEART ANNUAL RETURN?
No. At present, contributors are only required to make their monthly returns by the due date.
14
IF I HAVE AN OUTSTANDING LIABILITY CAN I MAKE A PAYMENT PLAN TO LIQUIDATE THE AMOUNT?
Yes. Contact the Compliance Department for further details
15
WHAT ARE MY HEART CONTRIBUTIONS USED FOR?
Contributions are lodged directly to the Heart Trust Fund, which supports programmers providing training and certification to all working age Jamaicans. Browse our website for more details.