Frequently asked questions about Payroll and HR services, PEO, HR outsourcing/EOR and compliance services in Trinidad & Tobago
Important Note: Labor and tax regulations change frequently. Before making decisions, validate percentages and rules in force with official sources or local compliance teams.
How does payroll work in Trinidad & Tobago?
– Frequency: monthly or bi-weekly. – No statutory 13th salary; discretionary bonuses common. – Vacations per contract/tenure.
How much is the hiring cost in Trinidad & Tobago?
– Registration with NIBTT (National Insurance), PAYE tax system. – Market benefits: health insurance, transport, occupational pension schemes.
Employer social security taxes
– Employer contributions to NIBTT (social security benefits); private pension plans if offered; income tax withheld via PAYE.