Amman, July 2 (Petra) – The Board of Directors of the Social Security Corporation (SSC) decided to extend the decision of applying zero-interest rate on debt installments for indebted establishments until the end of the current year.

This new waiver has been extended for businesses in the tourist sector until the end of June 2026, aimed at supporting continued business operations and helping address their economic conditions.

In a statement on Wednesday, the SSC said the decision grants all non-tourist entities the possibility of paying off debt in installments for up to 10 years.

The SSC stated this step would help the benficiary entities overcome economic challenges, ensure continued operations, and achieve a “positive” impact on the national economy and society.

Regarding the tourism sector, the SSC noted it has allocated an additional incentive to the industry by allowing debt repayment over a period of up to 15 years.

This measure comes to address the “exceptional” challenges and circumstances facing the industry that have “adversely” impacted tourist flow and related economic activity.

Meanwhile, establishments that have entered into effective installment or rescheduling agreements can also submit a rescheduling request to benefit from the terms of the new decision, the SSC pointed out.
//Petra// AG
02/07/2025 15:00:17