Who Is Covered by the New 120 Installments Arrangement for Old Debts to Tax Authorities and Social Security Funds: The Interest Rate and the Critical Dates

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Stricter limits for servicers - If an agreed regulation is violated, then the transaction will be canceled and a fine of up to 500,000 euros will be imposed, while the citizen will automatically be credited with 5 installments of the original agreement.

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Perhaps the most “invasive” measure for the real economy, of those announced today, is the 120 installments for debts to the Tax Authority and the Funds. Because it releases liquidity and income to thousands of entrepreneurs, mainly small and medium-sized ones, it gives them a significant “breathing space” and at the same time has no fiscal cost in the medium term. It is worth noting that for […] The post “Pierre’s” silent effort for the 120 ins…

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The new favorable arrangement for the repayment of old debts by debtors to tax authorities and insurance funds (whether businesses, freelancers, or households) announced by the Prime Minister to the Council of Ministers will provide for the repayment of old debts that became overdue by the end of 2024 in up to 120 monthly installments with a minimum monthly installment of 30 euros, […]

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Even newer debts, confirmed after December 31, 2023, can be included in the new 120-installment arrangement announced by Prime Minister Kyriakos Mitsotakis, while an additional six-month grace period is given to tax and EFKA debtors.

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The Prime Minister announced 4 new interventions to address punctuality

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Up to 120 installments for old debts to the tax office and social security funds, with a minimum monthly payment of 30 euros, the government announced, expanding the ... Article 120 installments: New regulation for debts to the tax office and social security funds – The terms and deadlines was published in NewsIT.