Temporary Exoneration Of Fines For Employers From The Public And Private Sectors By The Guatemalan Institute Of Social Security

Government Agreement 10-2017, in force as of February 1st, 2017, approves the Agreement 1377, dated August 9, 2016, issued by the Board of Directors of the Guatemalan Institute of Social Security. The Agreement, allows employers in the public and private sectors to bring to date their outstanding obligations, exonerating them from surcharges contemplated in the Regulation on collection of the Social Security. Following, a summary of the Agreement:

The purpose of Agreement 1377 is to exonerate public and private sector employers from surcharges, procedural costs and legal interest, penalties for arrears, administrative expenses and compensatory interest that have accrued prior to the date of the Agreement. To be exonerated, employers must: be affiliated to the System of Generation, Transmission, Validation and Payment of Social Security in electronic form; and within the term of...