Parliament passes new regulations for overdue social security contributions

On Monday, the plenary session of the Parliament unanimously approved legislation modifying the regulation of overdue social security contributions. The primary objective of these changes is to establish a functional framework that enhances collection rates and ensures the sustainability of the social security system. The new law facilitates compliance for employers and businesses regarding their insurance obligations. Crucially, the legislation removes the prohibition that previously prevented recipients of the Guaranteed Minimum Income or public assistance from restructuring their debts if they were already enrolled in a payment plan under the previous law. Furthermore, the parliament opted to eliminate provisions that would have reduced the maximum number of equal monthly installments for debt repayment. It also removed measures that would have abolished the exemption from additional fees for contributions incorporated into a settlement after the law enters into force. This legislative action aims to balance the needs of the social security system with the ability of taxpayers to manage their outstanding liabilities.