MINISTER of Finance Colm Imbert extends the amnesty on NIS contributions from December 31, 2022 to January 31, 2023.
A release on Friday stated, “The decision to extend the deadline is as a result of the Minister’s desire to afford companies, agencies and other entities who are in arrears of their NIS contributions, essentially as a result of the financial difficulties they experienced under the Covid-19 restrictions and the associated economic downturn in 2020 and 2021, a bit more time to pay their outstanding NIS contributions without facing penalties and interest that could further hamper their businesses.”
He said, “Organisations with outstanding NIS contributions are urged to take advantage of this extension of time. So far, the NIS amnesty has raised $90 million.”
