From August until November it will be possible to submit a special application to the Ministry of Labour of Cyprus about monthly payment of the arrears. The employers and individual entrepreneurs, who have amount due to pay to the Social Insurance service or any other departments of the Ministry of Labour, can now settle the arrears in accordance with the minimum monthly payments.
With the arrears which amount to 500, the monthly instalment will be 25 Euros. In case if arrears are higher than 10 001 Euro, then the monthly instalment will be 75 Euros.
