18
Oct
Condonation of SSS Penalties Does Not Apply to those Already Paid Prior to the Effectivity of the Condonation Law
Condonation is the creditor’s act of extinguishing an obligation by renunciation and the word “waive” is an abandonment or relinquishment of an existing legal right. The condonation law of 2009, R.A. No. 9903, does not provide that, prior to its effectivity, penalties already paid are deemed condoned or waived. What Section 2 of the law provides instead is an availment period of six (6) months after its effectivity within which to pay the delinquent contributions for the existing and corresponding [...]