National Insurance Board (NIB)
Form C-10 — Monthly Contribution Statement
Report monthly National Insurance contributions for all employees to the NIB
- Form ID
- C-10
- Who must file
- All registered employers with employees in The Bahamas
- Filing frequency
- Monthly
- Filing deadline
- 15th of the month following the month in which wages were earned
- Regulator
- National Insurance Board (NIB)
Form C-10 is the Monthly Contribution Statement filed with the National Insurance Board of The Bahamas by all registered employers. It records each employee's insurable wages, which NIB uses to calculate benefit entitlements for unemployment, sickness, maternity, and retirement.
The total contribution rate is 11.3% of insurable wages (employer 6.65%, employee 4.65%), capped at BSD $810 per week. Payments received after the 15th are treated as in arrears and attract interest from the 1st of the month. NIB provides Excel spreadsheet versions for bulk employer submission.
Learn more about how HeadOffice can help you manage payroll for your Bahamian business and stay compliant with your obligations.