Thursday, January 29, 2009, St. George’s: The Ministry of Finance advises the general public that pursuant to Act No. 1 of 2009, passed by the House of Representatives and the Senate on 14th November 2008 and 4th December 2008 respectively; and Gazetted on January 9th, 2009, the National Reconstruction Levy Act (NRL) No. 16 of 2005 has been repealed. This means that effective January 1st 2009, employers are no longer required to deduct NRL payments from their employees’ salaries. Additionally, all monies that were collected for or on account of the NRL (by employers) up to December 31st 2008, must be paid into the Consolidated Fund immediately. From: Ministry of Finance, Planning, Economy, Foreign Trade, Energy & Cooperatives INSIDE GRENADA NEWS