Social Security aids in reducing interest on installment debts
The Board of Directors of the General Social Security Corporation has decided to modify the installment procedures for amounts owed by establishments. Under this new measure, the interest on installments will be completely waived if the establishment makes an initial payment of at least 25% of the debt. Additionally, establishments that pay between 20% and 25% will have their installment interest reduced to 1%, while those paying between 15% and 20% will see their interest reduced to 2%. This decision is valid until the end of 2026, with the aim of supporting establishments and helping them settle their debts, while taking into consideration their financial capacities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)