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Next steps after 5% payment for Social Security debt
The National Social Insurance Authority announces new facilities for companies and factories to settle their insurance debts. The required down payment when installment payments are made has been reduced from 15% to 5% of the total debt. After paying the down payment, establishments can proceed with installment plans for the remaining amount, aiming to facilitate the payment process and ensure the continuity of their activities. This initiative is aimed at supporting business owners and providing more flexible solutions, while balancing the rights of the Authority and encouraging timely payment. No specific timeframe or installment amounts are set; instead, procedures are tailored based on the situation of each establishment.
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