Higher Thresholds for the Average Monthly Remittance of Source Deductions and Employer Contributions
As of 2015, the thresholds for the average monthly remittance based on which you are required to make your remittances of source deductions and employer contributions will increase. The remittance threshold increases
- from $15,000 to $25,000 if the employer's remittance frequency is twice-monthly;
- from $50,000 to $100,000 if the employer's remittance frequency is weekly.