The Cabinet today approved measures for the self-employed that will allow them to suspend payments of their Social Security contributions for six months with no interest, said Nadia Calviño, Spain’s deputy PM and economy minister.
In theory, self-employed workers whose activities are affected by the state of alarm are not eligible, as the executive has created a special system for them consisting of a one-month benefit, which can be extended throughout the duration of the emergency situation, and no obligation to make social security payments. Debts that contributors may hold with the Social Security system can also be delayed for a six-month period.
The Cabinet has also approved a wider mortgage holiday, including for the self-employed who have no activity due to the state of alarm or “those who have suffered significant losses.” This measure includes delayed payment on mortgages for commercial premises and offices for the self-employed. The government had already offered a mortgage holiday for employees whose income had fallen due to the crisis or had been made unemployed.