Deadline for social security payments extended

23 March 2020
Deadline for social security payments extended
This photo taken on March 17, 2020 shows road traffic in central Yangon. Photo: Sai Aung Main / AFP

The Ministry of Labour, Immigration and Population issued an order extending the deadline for social security payments from 15 days to three months in accordance with the Article 100 of Social Security Law (2012), state media reported.

The purpose of the deadline extension is to help businesses affected by the COVID-19 outbreak.

According to the ministry’s announcement, social security payments, which were previously paid within 15 days of respective month-end, now can be paid within three months of respective month-end. The government is not only paying loans, and reducing taxes, but also extending the deadlines of social security insurance payments in accordance with related laws to alleviate the difficulties of businesses amid COVID-19 crisis.