Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694233839145.pdf (Barbados)
2018/10/04 OBJECTS AND REASONS This Bill would amend the National Insurance and Social Security Act, Cap.

47 to provide for the imposition of a health service contribution and validate the purported payment and collection of health service contributions from 1st October, 2018.

2 Arrangement of Sections Short title Repeal and replacement of section 20A of Cap.

47 Amendment of section 20B of Cap.

47 Repeal and replacement of section 20D of Cap.

47 Consequential amendments Validation 1.

2.

3.

4.

5.
2.

3.

4.

5.

6.

SCHEDULE CONSEQUENTIAL AMENDMENTS BARBADOS A Bill entitled An Act to amend the National Insurance and Social Security Act, Cap.

47 to provide for the imposition of a health service contribution and validate the purported payment and collection of health service contributions from 1st October, 2018.

ENACTED by the Parliament of Barbados as follows: 4 Short title 1.

(Amendment and Validation) Act, 2018.


This Act may be cited as the National Insurance and Social Security Repeal and replacement of section 20A of Cap.

47 Section 20A of the National Insurance and Social Security Act, 2.

Cap.

47, in this Act referred to as the principal Act, is repealed and the following substituted: “Health Service contribution 20A.
There shall be payable in respect of every person to whom sections 12, 12A, 13, 13A and 14 relate a contribution to be known as a “Health Service contribution” at such rate as may be prescribed in the regulations.”.

Amendment of section 20B of Cap.

47 3. substituted: Section 20B(2) of the principal Act is repealed and the following Contributions collected under this Part shall be paid to the Queen “(2) Elizabeth Hospital.”.

Repeal and replacement of section 20D of Cap.


47 4. substituted: Section 20D of the principal Act is repealed and the following 5 “Commencement of Part IIA 20D.

2018.

”.

This Part shall come into operation on 1st October, Consequential amendments 5. the extent set out opposite thereto in column 2.

The enactments set out in column 1 of the Schedule are amended to Validation Notwithstanding sections 3(2) and 5 of the Provisional Collection of 6.

Taxes Act, Cap.
Taxes Act, Cap.

85, health service contributions purportedly paid and collected from 1st October, 2018 to the date of commencement of this Act are deemed to have been validly and lawfully paid and collected.

6 THE LAWS OF BARBADOSPrinted by the Government Printer, Bay Street, St. Michaelby the authority of the Government of BarbadosSCHEDULE(Section 5)CONSEQUENTIAL AMENDMENTSColumn 1Enactments1.

National Insurance and Social Security (Collection of Contributions Regulations, 19672.
National Insurance and Social Security (Self- Employed Persons) Regulations, 1970Column 2AmendmentsIn the Schedule, insert after paragraph 1B, thefollowing:"1C.
Notwithstanding paragraph 1, with effect from 1st October, 2018, the rates of insurancecontributions under section 20A of the Act are as follows:(a) insured or employed person’s weekly contribution … … … … … … … ... ... ... ... 1%;(b) employer’s weekly contribution … 1.5%; (c) employer’s total weekly contribution … … … … … … … ... ... ... … … … 2.5%.

".In the First Schedule, delete the words “15.50%” andsubstitute the words “16.50%”.