National Social Security Fund (NSSF) Notification No. 620 dated August 20, 2019 relating to the reduction in the social security penalties according to the provisions of article 37 of the Law No. 144/2019 (Budget Law 2019)

The National Social Security Fund (NSSF) has issued the notification No. 620 dated 20/09/2019 related to the reduction in the social security penalties according to the provisions of article 37 of the Law No. 144/2019 (Budget Law 2019). Accordingly, the social security penalties are reduced by 100% for all delayed contributions due before the year 2000 and by 85% for all delayed contributions due from 01/01/2001 till 31/12/2018 if these contributions and their related reduced penalties are paid before the 31/12/2019. These contributions can be paid by instalments over 5 years with a first payment of 20% of the amount due and yearly interest rate of 5%.

 

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