Jordan's Social Security Corporation (SSC) has announced that its board of directors has amended a decision on reducing instalment interest rates for businesses with outstanding contributions, introducing additional benefits for those that make a qualifying upfront payment. The new terms take effect immediately and run until 31 December 2026.
اضافة اعلان
Under the revised decision, businesses that pay an initial instalment of at least 25 percent of their total outstanding amount will have instalment interest waived entirely. Those making an upfront payment of at least 20 percent but less than 25 percent will benefit from a reduced interest rate of 1 percent, while businesses paying at least 15 percent but less than 20 percent will have their instalment interest reduced to 2 percent.
The SSC said it will determine the instalment period it considers appropriate for each business, in accordance with the powers and timeframes set out under the corporation's insurance inclusion regulations, and with due regard to each business's financial situation and repayment capacity.
The corporation said the decision was intended to support businesses and ease their economic burdens, helping them settle outstanding amounts owed to the SSC.
The SSC also confirmed that businesses previously unable to access reduced instalment interest - because they had already benefited twice from board decisions issued for the period from 1 May 2024 to the end of December 2025 - are now eligible under the new decision, provided they have not applied for instalment arrangements on three prior occasions.
This article was originally written in Arabic for Al Ghad.
