Antigua & Barbuda Social Security Board Announces Increase in Social Security Contribution Rate for 2023

The Antiguan Social Security Board Dec. 30, 2022, announced an increase in social security contribution rates, effective Jan. 1, 2023. The announcement explains that the contribution rates: 1) increase to 14 percent from 13.5 percent for the public sector; 2) increase to 15 percent from 14.5 percent for the private sector; and 3) remain the same at 10 percent for the self-employed. The pensionable age also increases to 64 years. [Antigua and Barbuda, Social Security Board, 12/30/22]

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