So far Euros 9.8 million paid f?r overdue contributions to social insurance funds

The amount of 9.8 million euros has been collected since September 1st 2016 from the payment of overdue contributions to social insurance funds through monthly instalments, and 524 debtors have fully settled their dues.

According to an official press release, a total of 9,584 applications were submitted by debtors to the Social Insurance Services so that they can join the scheme for the payment of overdue contributions.

Out of these applications 8,535 were approved. Their overdue contributions reach 137.2 million euros.

The implementation of the scheme continues, the press release says.

The House of Representatives had passed legislation to allow overdue debtors to pay their debts in instalments in July 2016.

Source: Cyprus News Agency