Doing Business in Iran (Dayarayan) - Pars Times

Annexation of one note to Article 38 of the Social Security Act
Ratified in 1975
Date: June 11, 1993
Ref. No.:
Sole Article- The following note will be annexed to Article 38 of the Social
Security Act ratified in July 1975.
Note- All employers subject of the provisions of this Article and the
provisions of Article 29 of the Social Insurance Act must pay the claims of
Social Security Organization from contractors/consulting engineers which a
minimum of one year has lapsed since the date of the completion,
suspension and/or revocation and in the mean time they have failed to refer
either for payment of their SSO insurance premium pertaining to their
employees employed for the contract or for presentation of account
settlement certificate issued by the Social Security Organization out of the
5% withholdings and non payment of the contractor's final statement. The
employers are also required to declare the full particulars of any such
contractors/consulting engineers to the SSO.
The exact amount of insurance premium will be advised by the Social
Security Organization after finalization, in accordance with the law and
based on the verdict issued by the examining board subject of Article 44 of
the Social Security Act and notification served on the contractor for
payment of outstanding debt within 20 days from the date of notification.
The procedure for implementing the above Note will be in accordance with
instructions to be drawn up by the Social Security Organization which shall
be subsequently ratified/approved by the cabinet.
The above law, including one single article and one note was approved in
the public session of the Islamic parliament held on Sunday May 16 th 1993
and subsequently ratified by the Guardian Council on May 19 th 1993.
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