Section 17AC: Payment of contributions

17AC. Payment of contributions (1) Subject to subsections (2) to (5), every employer of an insured person shall, at the end of the completed month in respect of which contributions under section 17 are payable, pay electronically to the Director-General through such computer system as may be approved, the total amount of contributions payable in respect of all the insured persons in his employ. (2) Subject to subsections (3) to (5), the contributions payable under subsection (1) shall be paid to the Director-General, not later than at the end of the month following the month in respect of which contributions are payable. (3) The due date for the payment of contributions under subsection (1) in respect of the months of May and November in each year shall, notwithstanding subsection (2), be 2 days, excluding Saturdays and public holidays, before the end of June and December each year, respectively. (4) Notwithstanding subsection (2), where an employer has elected to submit his return on an annual basis under section 17AB(2), the contributions payable under subsection (1) shall be paid to the Director-General not later than at the end of the month immediately following the end of the financial year. (5) Notwithstanding subsections (2) and (3), where an employer is a person who employs an insured person who is a seaman and whose remuneration is computed by 364 Acts 2019 reference to a portage bill, the employer shall pay to the Director-General any contribution payable under subsection (1), in respect of a month, not later than one month and 20 days after the end of the month in which payment is due. (c) by repealing section 17C; (d) in section 45A – (i) in subsection (1), by deleting the words “within the prescribed time” and replacing them by the words “on or before the date specified in section 17AC”; (ii) by repealing subsection (4) and replacing it by the following subsection – (4) For the purpose of determining whether a surcharge is leviable under this section, where liability for payment of contributions is determined by the Minister under section 34A or by the Appeal Tribunal, the payment shall be made within 20 days of the date of the notification of the decision of the Minister or the Appeal Tribunal. (iii) in subsection (5) – (A) by deleting the words “within the prescribed time” and replacing them by the words “on or before the date specified in section 17AA or 17AB, as the case may be,”; (B) by deleting the words “be prescribed” and replacing them by the words “be applicable”. ate specified in section 17AA or 17AB, as the case may be,”; (B) by deleting the words “be prescribed” and replacing them by the words “be applicable”.