Social Security Debt Amnesty

The Social Security Institute of Guatemala approved a 100% pardon on fines and surcharges from late payments of employer and employee contributions.

Monday, July 13, 2009

The Institute's manager, Alfredo Del Cid, indicated that the pardon will be valid for six months once the agreement is published.

Rosa M. Bolaños wrote in La Prensa Libre's website: "According to the manager, the decision was taken after several municipalities expressed their willing to pay the debt, but their incapacity to cover the fees, interests and surcharges".

More on this topic

Guatemala: Amnesty on Social Security Debts

February 2017

From February 1 until July 31 private companies that recognize contributions owed to the Social Security Institute will be exonerated from the 100% penalty charges.

From a statement issued by the Guatemalan Institute of Social Security:

Honduras: New Law on Social Protection

May 2015

Radical changes will create five regimes: Social Protection Floor, Social Security Prevision, Insurance Health Care, Professional Risk Insurance and Labor Insurance Coverage .

An article on Latribuna.hn reports that "... The new legal framework will take effect in the next 45 days and will give rise to the approval of four special laws that will regulate the scope of these principles. "

Guatemala: Social Security Announces Payments Amnesty

September 2011

As of October 1st the Social Security Institute will exempt up to 100% of charges for payments in arrears.

Agreement Number 1270 by the board of the Social Security Institute (IGSS), will run for 15 months and allows for the exemption of 100% of charges for payments in arrears, defaults, administration costs and interest.

Nicaraguan Financing Companies Oppose “Moratory Law”

April 2010

Asomif will submit a plea for unconstitutionality at the Supreme Court of Justice.

René Romero, president of Asomif, the Nicaraguan Association of Microfinance Institutions, assured that despite presenting this plea, they will observe the new law known as “Moratory Law”, which sets conditions for negotiating debt covenants between debtors and microfinance institutions.

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