Muscat: The Public Authority of Social Insurance (PASI) has allowed companies to postpone the payment of insurance contributions to their employees as part of facilities provided to employers and the insured employees to support recovery efforts and enhance institutional performance.
A statement issued online by the Public Authority for Social Insurance said: "The authority will be postponing the payment of the monthly contributions due for the period from January to December 2021 (which is optional for institutions). Exemption of employers from additional amounts incurred as a result of their delay in paying contributions due during the period from January 2021 until the end of December 2021 has also been provided.”
In addition, PASI will allow the institution to to pay the dues in installments without calculating the installment interest rate where the pending monthly installments should not exceed 24.
"The employers shall submit the request for installment payments of insurance contributions during the period from May until the end of December 2021," PASI stressed.