Payment convenience for those with SGK premium debt
The Ministry of Labor and Social Security has announced a new set of regulations providing flexibility regarding the restructuring of Social Security Institution (SGK) premium debts. The measures include installment options of up to 72 months, higher limits for deferred payments, and significant reductions in deferral interest rates.
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Payment conditions for premium debts owed to the Social Security Institution (SGK) are being significantly improved. Minister of Labor and Social Security Vedat Işıkhan announced via social media that the deferral and installment period for premium debts has been extended to up to 72 months.
With the regulation introduced by the Ministry, the upper limit for premium debts that can be deferred without collateral has been increased to 10 million TL. The deadline for those wishing to restructure their debts has been set for August 31.
Within the scope of the new regulation, the deferral interest rate applied to the restructuring of premium debts will also be reduced from 39 percent to 29 percent. Thus, both those who currently have restructured debts and those who will apply for the first time will be offered longer-term and lower-interest payment options.
According to the information obtained from the announcement, currently deferred debts will also be subject to these new conditions, and debtors will be able to benefit from the 72-month maturity and 29 percent interest rate. The Ministry emphasized that the implementation aims to reduce the burden on indebted citizens and businesses.