Mexico's Social Security Institute has announced a simplified installment plan scheme for employers facing difficulties in paying their social security contributions due to COVID-19. Under the scheme, employers may make up to 48 monthly installments, subject to monthly interest as follows:

• up to 12 months - 1.26% interest
• 12 months to 24 months - 1.53% interest
• 24 months to 48 months - 1.82% …