Organisations with outstanding National Insurance contributions are urged to take advantage of the extended timeline of January 31st 2023. So far, the NIS amnesty has raised $90 million dollars.
The Finance Ministry, via press release, noted that the extended deadline will incur no interest and/or penalties on outstanding payments.
The Ministry noted that the decision to extend the deadline is to afford companies, agencies and other entities who are in arrears of their NIS contributions, a bit more time to pay their outstanding NIS contributions without facing penalties and interest.