Key update on 0% interest debt installment plan for businesses

The Board of Directors of the Social Security Corporation (SSC) decided to extend the 0 percent interest rate on debt installment plans until the end of 2024.

This extension is intended to give businesses that have not yet arranged debt installments an opportunity to do so.

The SSC stressed the importance of businesses taking advantage of this extension and applying for debt installment plans before the Dec. 31, 2024, deadline.

The SSC also noted that businesses with existing installment agreements or schedules can apply for rescheduling under this extended policy.