Deferment of payment of social insurance premiums and compulsory contributions to old - age pension savings

In order to mitigate the economic impact on premium payers during the COVID-19 crisis, an amendment to the Social Insurance Act was adopted, introducing a deferral of social insurance premiums, including compulsory contributions to old-age pension savings (collectively referred to as "premiums").

Who is affected by the deferral of insurance premiums?
Employers and compulsorily insured self-employed persons (SZČO), whose net turnover or income from business and other self-employed activity decreased by 40% or more as a result of the crisis situation.

For employers, this only applies to the part of the premium paid by the employer. The insurance premium, which is deducted from the employee by the employer and he is also obliged to pay it, the deferral of payment of the insurance premium does not apply. The employer pays this "employee" premium in the original due date, ie in the pay period as before.

Which premiums are covered by the deferral?
The new extended premium maturity concerns the premium for March 2020. This premium, which would otherwise be due in April 2020, should be due by 31 July 2020. However, based on a regulation of the Government of the Slovak Republic, the maturity of the already deferred premium for March 2020 from 31 July 2020 to 31 December 2020.

SZČO and employers who have already declared the condition of deferred payment of premiums for March 2020 to the Social Insurance Agency by a solemn declaration do not submit it again, even if the due date is postponed to 31 December 2020.

The Government of the Slovak Republic, on the basis of an enabling provision, has also established by regulation other periods for which it is possible to defer the payment of insurance premiums. Under the same conditions as for March, the premium maturity for May 2020 and June 2020 is postponed to 31 December 2020.

If the employer or the compulsorily insured SZČO pays this premium in the new due date on time and in the correct amount, the Social Insurance Agency will not prescribe a penalty to them.

Note: However, the original deadlines and deadlines still apply to the employer's registration, notification and reporting obligations (for example, the employee's registration in the register of policyholders and savers of old-age pension savings, the submission of statements of insurance premiums and contributions).