Prakas on Formalities and Procedures for National Social Security Fund Registration and Contribution Payment

The Ministry of Labour and Vocational Training issued Prakas No. 168/22 MLVT/Br.K.NSSF dated 5 July 2022 on Formalities and Procedures for Registration of Company, Employee, and Contribution Payment for Persons Defined Under Provisions of the Labour Law in the National Social Security Fund (“Prakas“) which came into force on the same date of its issuance.

The Prakas sets out the formalities and procedures for the registration of company, employee, and contribution payment for persons defined under provisions of the Labour Law in the National Social Security Fund (“NSSF“). The Prakas applies to all employers or owners of companies, and persons defined under provisions of the Labour Law in occupational risk, healthcare, and pension schemes.

This Update highlights the key features of the Prakas.