1 Day
Source:
اليوم السابع
Source: اليوم السابع
1 Dayاليوم السابع
Source: اليوم السابع
1 DayReady to play
Ready to play
Yes. The Social Insurance and Pensions Law No. 148 of 2019 imposes a monthly additional amount on employers and other entities—including the State’s administrative apparatus and public authorities—when contributions are paid late. It is calculated using the average yield on Treasury bills and bonds for the preceding month, plus 2%. The liable party is exempt from this additional amount if payment is made within 15 days of the due date, but must cover the transfer costs. The Authority may also collect a fee of one per thousand, subject to a minimum of EGP 10 and a maximum of EGP 100. Collection may be assigned to administrative bodies, which may use administrative seizure to recover amounts owed to the Authority. Additional amounts may also be imposed for late remittance of contributions.
Notice: This Is an AI-Generated Summary
Comments (0)