National Social Security Fund (CNSS) resumes a regular collection of social contributions

Economic governance
Wednesday, 04 November 2020 14:57
National Social Security Fund (CNSS) resumes a regular collection of social contributions

(Togo First) - The national social security fund (CNSS) has resumed the normal collection of social contributions since last Monday. The CNSS released a statement to disclose the information.

The institution had enacted in August 2020, exceptional measures such as suspending the calculation of surcharges for late payments of social contribution from April to July 2020, or the remission of surcharges for the late payment of social contribution arrears. These measures were taken to reduce pressure on businesses affected by the coronavirus health crisis. 

In detail, the informal sector benefited from a 100% remission of late payment surcharges. As for SME/SMIs, they had to pay only 25% of surcharges due. Large companies, for their part, received a 50% discount on late payment penalties for social security contributions.

Like actors of the informal sector, hotels, restaurants, bars, schools, hospitals, and pharmacies benefited from a full remission.

All the measures, according to projections, should create a shortfall of more than 3.3 billion FCFA to the institution headed by Ingrid Awadé.

Séna Akoda

 
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