Social Security eases interest rate reductions on installment debts
The Board of Directors of the Social Security Corporation has announced a modification to the installment law for amounts owed by institutions, aimed at easing their debt repayment process. The decision stipulates the complete abolition of interest on installments for those who make an initial payment of 25% of their debt, and a reduction of interest to 1% for payments between 20% and 25%, and 2% for payments between 15% and 20%. This decision will be in effect until the end of 2026 and seeks to economically support institutions and enable them to settle their debts more easily, especially in light of the challenging economic circumstances.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)