The details of the new 72-installment debt settlement for tax and social security arrears: Who can pay from €30 per month
A new 72-installment debt settlement plan offers liquidity relief to debtors with tax and social security arrears, allowing payments starting from €30 per month.Summary
The new emergency debt settlement plan, under public consultation until June 15, allows debtors to repay certified debts that became overdue by December 31, 2023, over up to six years. The scheme covers both tax debts and social security obligations owed to e-EFKA, KEAO, and other institutions, with applications accepted electronically until December 31, 2026. Debtors will select their repayment duration through a special option in myAADE, with the first installment due within three days. The key benefit is the reduction of monthly payments, with late-payment surcharges canceled, though interest rates remain (5.84% for tax debts). Applicants must include all eligible pre-2024 debts and meet criteria such as filing past five years' tax returns. The arrangement offers a fresh start for households and small businesses but requires timely payment of future obligations; failure to comply results in automatic cancellation and reinstatement of enforcement measures.
(Source：Protothema)