THE TERM “EMPLOYER”

In general, “employer” means the party that pays remuneration to the employees, where there is an “employer – employee” relationship. Thisincludes:

        I.            The Government of St. Lucia
      II.           
A representative employer
    III.           
The trustee of any pension fund

 

A “Representative Employer” can entail:

  •  In the case of a company, the principle officer or, where such company is in liquidation, the liquidator;
  • In the case of a partnership, the precedent partner;
  • Where the employer is the Government, a local authority, a corporation or other authority established by statute or a body corporate or un-incorporate (not being a company or partnership), the person responsible for paying remuneration on behalf of such employer;
  • In the case of a non-resident employer, the agent having responsibility to pay remuneration on behalf of such employer.

 

 

TYPES OF REMUNERATION PAID BY AN EMPLOYER TO THE EMPLOYEE

The following are the types of remuneration that an employer pays to employees of the company:

  • Salary
  • Wages
  • Director’s Fees
  • Leave Pay
  • Allowances
  • Bonuses
  • Gratuities
  • Overtime
  • Pensions

 

 

IMPORTANT REQUIREMENT OF THE EMPLOYER

Besides the prior stated remunerations, an employer is required to declare the value of benefits or amenities in kind provided by the employer to the employee (such as motor vehicle, housing and travelling allowances) when completing the TD5 Form.

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Ⓒ2013 Inland Revenue Department, Government of Saint Lucia.