Social Security grants indebted establishments discounts on installment interest until the end of 2026
Amman2 min read
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The Social Security Corporation called on indebted establishments, Saturday, to benefit from its board of directors' decision regarding reducing the interest on amounts owed by them, which grants additional advantages and facilities to establishments according to the percentage of the debt down payment, until the end of the current year.
The Corporation explained in a press release that the decision allows establishments that pay a down payment of no less than 25% of their total debt to completely cancel the installment interest, while establishments that pay a down payment of 20% benefit from a reduction in installment interest to become 1%, and establishments that pay a down payment of 15% benefit from a reduction of it to become 2%.
The Corporation added that through the facilities for reducing debt installment interest, it aimed to support establishments and take into account their economic circumstances, and provide opportunities for them to rectify their situations and settle their debts, in a way that achieves the interests of establishments and at the same time preserves the insurance rights of workers.
The Corporation invited indebted establishments to visit its branches or communicate with its official channels to inquire about the mechanism for benefiting from the decision and the debt installment procedures, and to take the initiative to settle their situations before the expiration of the period for benefiting from these facilities on 31/12/2026.
