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Facilities and installments for overdue contributions of TKA and GESS

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Facilities and installments for overdue contributions of TKA and GESS

Before the Parliament is the bill that aims to regulate overdue social contributions, in the model of the regulations given in 2016. As it appears from the bill, the new regulation will include overdue contributions to the Social Insurance Fund but also to other funds for which are the responsibility of the Social Security Services, including contributions for the GESS, if the debtors are not in arrears under the plan that entered into force in 2016.

The bill amends the Law on the Regulation of Overdue Social Contributions of 2016 and provides the same facilities that were then proposed to debtors. In particular, employers and self-employed persons can, within the framework of the regulations that will apply, repay their overdue debts in 54 equal monthly installments at the latest.

SEE ALSO: Payment facilities for debts to the TKA

If they choose to pay earlier than the 54 installments, they will benefit from a corresponding reduction of the additional fee, which can amount up to 27%. In case the amount due is paid in a lump sum, they will be exempted from paying the full additional fee imposed.

According to the explanatory report accompanying the bill, the purpose of the legislation is to amend the Law on the Regulation of Overdue Social Contributions, in order to enable debtors who are not in arrears to be included in a new regulation for debts to be determined. of the Minister of Labor, Welfare and Social Insurance. After the relevant notification of the Ministry of Labor in the Official Gazette, once the bill is passed, the debtors will have at their disposal a period of four months, as in 2016, to submit a relevant application.


Source: www.philenews.com

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