On March 25 of this year, the Board of Directors of the Federal Housing Fund [in Spanish: el Consejo de Administración del Instituto del Fondo Nacional de la Vivienda para los Trabajadores], approved support measures for employers stemming from the emergency caused by the propagation of the COVID-19 virus. On April 27, the same institute published on their website the guidelines for requesting support in deferring payments or for paying employer contributions in up to twelve installments without a loan, that consists of the following:
1. Extend payment contributions relating to employees who do not have a mortgage.
a) For employers with more than 250 employees, the extension will be only for contributions that correspond to the second quarter of 2020. The same must be covered by July 2020 at the latest, with restatements and surcharges at a reduced rate of 0.01%.
b) For employers with up to 250 employees, the extension will only be for contributions that correspond to the second and/or third quarter(s) of 2020. The same must be covered by September 17, 2020 at the latest, with restatements and surcharges at a reduced rate of 0.01%.
II. An agreement for a payment in up to twelve installments for the deferred contribution, according to Section I. The aforementioned will be subject to a monthly rate of 1.26% which will be applied in a second installment and those that follow thereafter.
To access these support measures, employers must complete an application through the company website of the institute and sign it with his/her password, no later than the following dates:
a) June 30, 2020 for employers with more than 250 employees, regarding an application for a payment extension of contributions corresponding to the second quarter of 2020.
b) August 31, 2020 for employers with up to 250 employees, regarding an application for a payment extension of contributions corresponding to the second and third quarter of 2020.
To access the payment agreement in installments, the periods would be:
a) July 20, 2020 for the payment agreement request for contributions from the second quarter that have been extended to July 20, 2020.
b) September 17, 2020 for the payment agreement request for contributions from the second and/or third quarter(s) that have been extended to September 17, 2020.
To be able to adhere to these concessions, employers must pay the contributions of their employees who have a mortgage, as well as the respective depreciations in their entirety of the agreed upon quarters. Moreover, employers are unable to abide by the conditions if they have omitted the total amount of the contributions and depreciations from the 2019 quarters.